MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Position in S&P Global Inc. (NYSE:SPGI)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,782 shares of the business services provider's stock after purchasing an additional 1,473 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in S&P Global were worth $19,813,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SPGI. Parkside Financial Bank & Trust boosted its holdings in shares of S&P Global by 2.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock valued at $515,000 after acquiring an additional 20 shares in the last quarter. Personal CFO Solutions LLC lifted its position in S&P Global by 3.1% in the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock valued at $336,000 after purchasing an additional 20 shares during the period. Anfield Capital Management LLC boosted its holdings in S&P Global by 25.6% in the 4th quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock valued at $54,000 after purchasing an additional 22 shares in the last quarter. Invenio Wealth Partners LLC increased its position in S&P Global by 4.0% during the 4th quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock worth $286,000 after purchasing an additional 22 shares during the period. Finally, Wedge Capital Management L L P NC increased its position in S&P Global by 4.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider's stock worth $265,000 after purchasing an additional 23 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

Shares of SPGI traded up $3.08 during mid-day trading on Friday, reaching $522.36. 1,022,211 shares of the company's stock were exchanged, compared to its average volume of 1,221,863. S&P Global Inc. has a 52-week low of $419.49 and a 52-week high of $545.39. The company has a market cap of $160.21 billion, a price-to-earnings ratio of 42.30, a PEG ratio of 2.41 and a beta of 1.23. The company has a 50-day simple moving average of $487.94 and a two-hundred day simple moving average of $502.54. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The company's revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.01 earnings per share. On average, sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Wednesday, May 28th. S&P Global's dividend payout ratio (DPR) is 30.16%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SPGI. JPMorgan Chase & Co. decreased their price target on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. StockNews.com lowered shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Wells Fargo & Company increased their price target on shares of S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Mizuho assumed coverage on shares of S&P Global in a report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective on the stock. Finally, Morgan Stanley upped their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $592.71.

Insider Activity

In related news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president now directly owns 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.10% of the company's stock.

About S&P Global

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.