Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Position in S&P Global Inc. $SPGI

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in S&P Global Inc. (NYSE:SPGI) by 12.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,834,905 shares of the business services provider’s stock after acquiring an additional 207,629 shares during the quarter. S&P Global makes up 0.8% of Mitsubishi UFJ Asset Management Co. Ltd.’s investment portfolio, making the stock its 20th largest position. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.60% of S&P Global worth $967,527,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Emerald Advisers LLC grew its stake in shares of S&P Global by 2.0% in the second quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock worth $480,000 after purchasing an additional 18 shares during the last quarter. Fullcircle Wealth LLC lifted its holdings in S&P Global by 1.0% in the 2nd quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock worth $984,000 after buying an additional 18 shares during the period. Stegent Equity Advisors Inc. lifted its holdings in S&P Global by 3.1% in the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock worth $335,000 after buying an additional 20 shares during the period. Foster Dykema Cabot & Partners LLC grew its position in shares of S&P Global by 0.7% in the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock worth $1,453,000 after buying an additional 20 shares during the last quarter. Finally, Foster Group Inc. increased its stake in shares of S&P Global by 0.9% during the second quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock valued at $1,180,000 after buying an additional 20 shares during the period. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. decreased their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Wells Fargo & Company upped their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Morgan Stanley boosted their price target on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. BMO Capital Markets restated an “outperform” rating and issued a $538.00 price objective on shares of S&P Global in a report on Friday, October 31st. Finally, Mizuho upped their target price on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. Based on data from MarketBeat, S&P Global presently has a consensus rating of “Buy” and an average target price of $612.38.

S&P Global Stock Performance

S&P Global stock opened at $495.89 on Friday. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $150.15 billion, a P/E ratio of 38.15, a PEG ratio of 2.50 and a beta of 1.17. The stock’s 50 day moving average is $502.04 and its 200 day moving average is $516.17.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business had revenue of $1.87 billion during the quarter. On average, equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. S&P Global’s payout ratio is presently 27.93%.

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.