S&P Global Inc. (NYSE:SPGI) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its stake in S&P Global Inc. (NYSE:SPGI) by 63.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,366 shares of the business services provider’s stock after acquiring an additional 18,729 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in S&P Global were worth $24,798,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Signet Investment Advisory Group Inc. purchased a new stake in shares of S&P Global in the third quarter valued at $657,000. Convergence Financial LLC lifted its stake in shares of S&P Global by 6.0% during the third quarter. Convergence Financial LLC now owns 879 shares of the business services provider’s stock worth $454,000 after purchasing an additional 50 shares in the last quarter. Elwood & Goetz Wealth Advisory Group LLC acquired a new position in shares of S&P Global during the third quarter worth about $316,000. Lake Street Advisors Group LLC lifted its stake in shares of S&P Global by 5.2% in the third quarter. Lake Street Advisors Group LLC now owns 4,973 shares of the business services provider’s stock worth $2,569,000 after acquiring an additional 247 shares in the last quarter. Finally, HWG Holdings LP raised its stake in S&P Global by 2,352.5% during the third quarter. HWG Holdings LP now owns 1,496 shares of the business services provider’s stock valued at $773,000 after buying an additional 1,435 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at S&P Global

In related news, insider Edouard Tavernier sold 500 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the transaction, the insider now directly owns 13,217 shares in the company, valued at $6,496,816.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other S&P Global news, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the sale, the insider now directly owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the transaction, the director now directly owns 15,830 shares in the company, valued at $7,618,662.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,862 shares of company stock worth $8,645,727. Company insiders own 0.10% of the company’s stock.

S&P Global Price Performance

SPGI opened at $490.61 on Friday. The stock has a market cap of $153.56 billion, a price-to-earnings ratio of 46.50, a PEG ratio of 2.76 and a beta of 1.18. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $533.29. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average price of $513.82 and a 200 day moving average price of $470.81.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period last year, the company earned $3.21 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year. Analysts forecast that S&P Global Inc. will post 14.79 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global’s payout ratio is presently 34.50%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SPGI shares. Royal Bank of Canada upped their target price on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Morgan Stanley increased their price objective on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Wells Fargo & Company increased their price target on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Robert W. Baird increased their price objective on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Barclays increased their price objective on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $569.77.

S&P Global Company Profile

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.