Mizuho Securities USA LLC Sells 4,870 Shares of S&P Global Inc. (NYSE:SPGI)

Key Points

• Mizuho Securities USA LLC reduced its stake in S&P Global Inc. by 16.2% during the first quarter, now holding 25,222 shares valued at approximately $12.8 million.
• S&P Global reported earnings of $4.43 per share, exceeding the consensus estimate of $4.18, along with a quarterly revenue of $3.76 billion.
• The company declared a $0.96 quarterly dividend, set to be paid on September 10th, representing an annual yield of 0.7%.

Mizuho Securities USA LLC reduced its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 16.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,222 shares of the business services provider's stock after selling 4,870 shares during the period. Mizuho Securities USA LLC's holdings in S&P Global were worth $12,815,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in S&P Global by 0.4% during the first quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider's stock valued at $15,130,711,000 after buying an additional 108,729 shares during the period. Northern Trust Corp increased its stake in S&P Global by 19.1% in the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after purchasing an additional 525,347 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in S&P Global by 13.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock worth $1,529,653,000 after purchasing an additional 357,790 shares during the period. Goldman Sachs Group Inc. increased its stake in S&P Global by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider's stock worth $1,403,468,000 after purchasing an additional 97,324 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in S&P Global by 11.4% in the 4th quarter. Nuveen Asset Management LLC now owns 2,184,312 shares of the business services provider's stock worth $1,087,853,000 after purchasing an additional 224,294 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Down 0.4%

Shares of S&P Global stock traded down $2.14 during midday trading on Friday, hitting $556.99. The company had a trading volume of 820,714 shares, compared to its average volume of 1,181,506. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $170.05 billion, a P/E ratio of 42.85, a P/E/G ratio of 2.98 and a beta of 1.19. The company has a 50 day moving average of $525.43 and a 200 day moving average of $511.04. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $566.42.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.25. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.04 EPS. On average, equities analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. S&P Global's dividend payout ratio is presently 29.54%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SPGI shares. Oppenheimer lifted their price target on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. boosted their price target on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Barclays boosted their price target on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Argus upgraded S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Finally, UBS Group boosted their price target on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $611.69.

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.