Mirabaud & Cie SA Increases Stock Position in S&P Global Inc. (NYSE:SPGI)

Mirabaud & Cie SA boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 1.4% in the first quarter, Holdings Channel reports. The institutional investor owned 5,958 shares of the business services provider’s stock after acquiring an additional 84 shares during the quarter. S&P Global accounts for approximately 1.0% of Mirabaud & Cie SA’s investment portfolio, making the stock its 23rd biggest holding. Mirabaud & Cie SA’s holdings in S&P Global were worth $3,027,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Graham Capital Management L.P. purchased a new stake in S&P Global during the 4th quarter worth about $14,040,000. GAMMA Investing LLC lifted its holdings in shares of S&P Global by 20.2% in the first quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider’s stock worth $2,139,000 after buying an additional 708 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of S&P Global by 1.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider’s stock valued at $44,102,000 after acquiring an additional 1,166 shares during the period. Alaethes Wealth LLC purchased a new position in S&P Global during the fourth quarter valued at approximately $2,029,000. Finally, Linden Thomas Advisory Services LLC lifted its stake in S&P Global by 5.2% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 10,850 shares of the business services provider’s stock worth $5,513,000 after purchasing an additional 536 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Insider Activity

In other news, EVP Sally Moore sold 500 shares of the 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 transaction, the executive vice president owned 5,131 shares in the company, valued at $2,619,016.33. This represents a 8.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Morgan Stanley lifted their price objective on S&P Global from $595.00 to $615.00 and gave the company an “overweight” rating in a research note on Friday. BMO Capital Markets boosted their price target on shares of S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a research note on Friday. Oppenheimer upped their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Bank of America began coverage on S&P Global in a research report on Thursday, April 10th. They issued a “buy” rating and a $600.00 target price for the company. Finally, Argus upgraded shares of S&P Global to a “strong-buy” rating in a report on Friday, May 16th. Two equities research 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 company. According to data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average price target of $611.69.

S&P Global Stock Performance

Shares of SPGI stock opened at $544.86 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. The company has a 50 day moving average price of $520.65 and a 200-day moving average price of $509.07. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $558.86. The firm has a market capitalization of $167.11 billion, a PE ratio of 41.91, a P/E/G ratio of 2.66 and a beta of 1.19.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.25. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.04 EPS. As a group, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be paid a dividend of $0.96 per share. 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 currently 30.16%.

S&P Global 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.