Mitsubishi UFJ Trust & Banking Corp Purchases 3,801 Shares of S&P Global Inc. (NYSE:SPGI)

Mitsubishi UFJ Trust & Banking Corp grew its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.6% in the fourth quarter, HoldingsChannel reports. The fund owned 243,707 shares of the business services provider’s stock after acquiring an additional 3,801 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in S&P Global were worth $121,373,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SPGI. Raymond James Financial Inc. bought a new position in S&P Global in the fourth quarter valued at $527,207,000. Proficio Capital Partners LLC boosted its stake in shares of S&P Global by 71,024.1% during the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock worth $308,525,000 after buying an additional 618,620 shares during the last quarter. FMR LLC grew its holdings in shares of S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after acquiring an additional 369,598 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of S&P Global in the 4th quarter valued at about $144,091,000. Finally, Wellington Management Group LLP increased its position in shares of S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after acquiring an additional 292,436 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Oppenheimer reduced their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. BMO Capital Markets upped their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Citigroup began coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price target for the company. Finally, Mizuho initiated coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus target price of $590.86.

S&P Global Stock Up 1.2 %

Shares of SPGI opened at $504.00 on Tuesday. The firm has a market cap of $155.13 billion, a P/E ratio of 40.81, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The firm’s 50-day simple moving average is $514.28 and its 200 day simple moving average is $510.31.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period in the prior year, the business earned $3.13 EPS. On average, analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.96 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.76%. S&P Global’s dividend payout ratio (DPR) is presently 31.09%.

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.