Mercer Global Advisors Inc. ADV Trims Position in S&P Global Inc. (NYSE:SPGI)

Mercer Global Advisors Inc. ADV trimmed its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 89.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,607 shares of the business services provider's stock after selling 196,879 shares during the period. Mercer Global Advisors Inc. ADV's holdings in S&P Global were worth $11,259,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of S&P Global in the fourth quarter valued at approximately $1,725,084,000. Raymond James Financial Inc. acquired a new position in S&P Global in the 4th quarter valued at approximately $527,207,000. Proficio Capital Partners LLC raised its stake in shares of S&P Global by 71,024.1% during the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock valued at $308,525,000 after acquiring an additional 618,620 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of S&P Global by 19.1% during the fourth 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. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of S&P Global in the fourth quarter valued at about $144,091,000. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Performance

Shares of NYSE SPGI traded down $3.50 during mid-day trading on Tuesday, reaching $502.40. 775,101 shares of the company's stock were exchanged, compared to its average volume of 1,226,202. The firm has a market capitalization of $154.09 billion, a price-to-earnings ratio of 40.68, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The firm has a 50-day moving average price of $487.88 and a two-hundred day moving average price of $501.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a 52 week low of $419.49 and a 52 week high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. The firm had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.01 EPS. Analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.76%. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several analyst reports. Mizuho initiated coverage on shares of S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price target on the stock. BMO Capital Markets lifted their price objective on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Morgan Stanley boosted their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Stifel Nicolaus reduced their price target on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, Bank of America began coverage on shares of S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, S&P Global presently has an average rating of "Moderate Buy" and an average price target of $592.71.

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.