Mizuho Markets Americas LLC Has $6.26 Million Stake in S&P Global Inc. (NYSE:SPGI)

Mizuho Markets Americas LLC lessened its position in S&P Global Inc. (NYSE:SPGI) by 18.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,111 shares of the business services provider’s stock after selling 2,773 shares during the period. Mizuho Markets Americas LLC’s holdings in S&P Global were worth $6,257,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. HWG Holdings LP acquired a new position in S&P Global in the 2nd quarter valued at approximately $27,000. Northwest Investment Counselors LLC acquired a new stake in S&P Global in the third quarter valued at $27,000. Sachetta LLC raised its position in S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after purchasing an additional 30 shares during the last quarter. First Personal Financial Services acquired a new position in S&P Global during the 3rd quarter worth about $29,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of S&P Global in the second quarter valued at about $31,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. 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. Robert W. Baird increased their price objective 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. BMO Capital Markets dropped their target price on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Evercore ISI assumed coverage on S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target for the company. Finally, Wells Fargo & Company boosted their price objective 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. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Trading Down 1.4 %

Shares of S&P Global stock opened at $503.29 on Friday. The company has a market capitalization of $156.17 billion, a P/E ratio of 44.42, a price-to-earnings-growth ratio of 2.61 and a beta of 1.18. The stock has a fifty day simple moving average of $510.47 and a 200 day simple moving average of $478.74. S&P Global Inc. has a 12-month low of $401.79 and a 12-month high of $533.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate 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 company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the prior year, the company posted $3.21 earnings per share. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, sell-side analysts anticipate that S&P Global Inc. will post 15.25 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio is presently 32.13%.

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.