S&P Global Inc. (NYSE:SPGI) Shares Sold by Mizuho Markets Americas LLC

Key Points

• Mizuho Markets Americas LLC reduced its holdings in S&P Global Inc. by 54.7% during the first quarter, now owning 2,474 shares valued at approximately $1.26 million.
• S&P Global reported earnings per share of $4.43 for the last quarter, exceeding analyst expectations by $0.25, with a revenue increase of 5.8% year-over-year.
• The company announced a quarterly dividend of $0.96 per share, reflecting an annualized yield of 0.7%, with a payout ratio of 29.54%.

Mizuho Markets Americas LLC trimmed its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 54.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,474 shares of the business services provider's stock after selling 2,983 shares during the period. Mizuho Markets Americas LLC's holdings in S&P Global were worth $1,257,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Fiduciary Family Office LLC acquired a new stake in S&P Global in the 1st quarter worth about $827,000. True North Advisors LLC acquired a new position in shares of S&P Global in the 1st quarter valued at about $2,662,000. Benjamin Edwards Inc. lifted its stake in shares of S&P Global by 14.9% in the 1st quarter. Benjamin Edwards Inc. now owns 95,973 shares of the business services provider's stock valued at $48,765,000 after purchasing an additional 12,442 shares in the last quarter. Covestor Ltd lifted its stake in shares of S&P Global by 4.9% in the 1st quarter. Covestor Ltd now owns 682 shares of the business services provider's stock valued at $347,000 after purchasing an additional 32 shares in the last quarter. Finally, Cynosure Group LLC lifted its stake in shares of S&P Global by 6.5% in the 1st quarter. Cynosure Group LLC now owns 1,513 shares of the business services provider's stock valued at $769,000 after purchasing an additional 92 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

SPGI stock opened at $556.99 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $566.42. The stock's 50 day moving average is $525.43 and its two-hundred day moving average is $511.06. The company has a market capitalization of $170.05 billion, a PE ratio of 42.85, a P/E/G ratio of 2.98 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.25. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the business earned $4.04 EPS. S&P Global's revenue for the quarter was up 5.8% compared to the same quarter last year. 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 26th. S&P Global's payout ratio is 29.54%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Oppenheimer lifted their price objective on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Barclays lifted their price objective on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. UBS Group boosted their price target on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Morgan Stanley boosted their price target on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Argus raised S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, S&P Global presently has a consensus rating of "Moderate Buy" and an average 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.

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