S&P Global Inc. (NYSE:SPGI) Shares Sold by Mawer Investment Management Ltd.

Key Points

• Mawer Investment Management Ltd. significantly reduced its holdings in S&P Global Inc. by 75.6%, selling 463,983 shares and retaining 149,577 shares valued at approximately $76 million.
• S&P Global declared a quarterly dividend of $0.96 per share, reflecting an annualized payout of $3.84 and a dividend yield of 0.72%.
• Analysts have mixed views on S&P Global, with target prices ranging from $589.00 to $632.00, while the stock maintains an average rating of "Moderate Buy."

Mawer Investment Management Ltd. decreased its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 75.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 149,577 shares of the business services provider's stock after selling 463,983 shares during the period. Mawer Investment Management Ltd.'s holdings in S&P Global were worth $76,000,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Minot DeBlois Advisors LLC bought a new stake in S&P Global in the 4th quarter valued at $25,000. Anderson Financial Strategies LLC bought a new stake in S&P Global in the fourth quarter valued at $27,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of S&P Global during the 1st quarter valued at about $28,000. CBIZ Investment Advisory Services LLC boosted its stake in S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after purchasing an additional 31 shares in the last quarter. Finally, Alpine Bank Wealth Management acquired a new position in S&P Global during the first quarter valued at approximately $33,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SPGI. Stifel Nicolaus reduced their target price on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Oppenheimer raised their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Robert W. Baird lowered their price target on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. UBS Group lifted their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, Bank of America initiated coverage on S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 price target for the company. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $611.69.

Insider Buying and Selling at S&P Global

In related news, EVP Sally Moore sold 500 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the transaction, the executive vice president directly owned 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Trading Down 1.0%

NYSE:SPGI traded down $5.34 on Friday, reaching $545.76. The company's stock had a trading volume of 1,252,131 shares, compared to its average volume of 1,289,194. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $558.86. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm has a market cap of $167.38 billion, a price-to-earnings ratio of 42.87, a price-to-earnings-growth ratio of 2.55 and a beta of 1.19. The stock has a 50 day moving average price of $519.96 and a 200 day moving average price of $508.64.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.25. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The business's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $4.04 EPS. On average, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio is currently 30.16%.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.