Mizuho Securities USA LLC Purchases 38,152 Shares of S&P Global Inc. (NYSE:SPGI)

Mizuho Securities USA LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 154.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,834 shares of the business services provider’s stock after buying an additional 38,152 shares during the quarter. Mizuho Securities USA LLC’s holdings in S&P Global were worth $32,461,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SPGI. Capital International Investors boosted its holdings in S&P Global by 5.3% in the 1st quarter. Capital International Investors now owns 5,793,751 shares of the business services provider’s stock valued at $2,464,951,000 after purchasing an additional 291,712 shares during the period. Legal & General Group Plc raised its position in shares of S&P Global by 1.0% in the second quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock valued at $1,260,665,000 after buying an additional 29,227 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of S&P Global by 13.5% in the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after buying an additional 298,645 shares during the period. Clearbridge Investments LLC boosted its stake in shares of S&P Global by 1.4% in the second quarter. Clearbridge Investments LLC now owns 1,461,169 shares of the business services provider’s stock valued at $651,682,000 after buying an additional 20,624 shares during the period. Finally, Fayez Sarofim & Co grew its position in S&P Global by 0.6% during the first quarter. Fayez Sarofim & Co now owns 1,458,141 shares of the business services provider’s stock worth $620,366,000 after buying an additional 8,435 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent analyst reports. Evercore ISI assumed coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price on the stock. BMO Capital Markets lowered their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company raised their target price on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Robert W. Baird boosted their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, UBS Group upped their target price on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Price Performance

Shares of SPGI stock opened at $503.29 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a fifty-two week low of $401.79 and a fifty-two week high of $533.29. The firm has a market cap of $156.17 billion, a P/E ratio of 44.42, a P/E/G ratio of 2.61 and a beta of 1.18. The business’s 50 day moving average price is $510.47 and its 200-day moving average price is $478.74.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the previous year, the firm earned $3.21 EPS. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, equities research analysts anticipate that S&P Global Inc. will post 15.25 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.72%. S&P Global’s dividend payout ratio (DPR) is 32.13%.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.