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

Mitsubishi UFJ Trust & Banking Corp grew its holdings in S&P Global Inc. (NYSE:SPGI) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 243,707 shares of the business services provider’s stock after purchasing an additional 3,801 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.08% of S&P Global worth $121,373,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Howard Capital Management Group LLC increased its position in S&P Global by 3.2% in the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock valued at $471,000 after acquiring an additional 28 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in shares of S&P Global by 53.8% in the third quarter. Eagle Asset Management Inc. now owns 5,536 shares of the business services provider’s stock valued at $2,784,000 after purchasing an additional 1,936 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in S&P Global by 11.7% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 591 shares of the business services provider’s stock worth $305,000 after purchasing an additional 62 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in S&P Global by 114.0% during the 3rd quarter. Penserra Capital Management LLC now owns 3,240 shares of the business services provider’s stock worth $1,672,000 after buying an additional 1,726 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in S&P Global by 471.1% during the 3rd quarter. Larson Financial Group LLC now owns 217 shares of the business services provider’s stock worth $112,000 after buying an additional 179 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SPGI shares. Morgan Stanley upped their price target on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. StockNews.com downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Mizuho assumed coverage on shares of S&P Global in a research report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price target for the company. Evercore ISI boosted their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Finally, BMO Capital Markets raised their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $590.86.

S&P Global Stock Up 1.2 %

Shares of S&P Global stock opened at $504.00 on Tuesday. The company has a market capitalization 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 current ratio of 0.85 and a quick ratio of 0.85. The business has a 50-day moving average of $514.28 and a two-hundred day moving average of $510.31. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the business posted $3.13 earnings per share. As a group, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.76%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. 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.