Meiji Yasuda Asset Management Co Ltd. Increases Holdings in S&P Global Inc (SPGI)

Meiji Yasuda Asset Management Co Ltd. raised its position in S&P Global Inc (NYSE:SPGI) by 4.9% in the third quarter, HoldingsChannel.com reports. The fund owned 29,900 shares of the business services provider’s stock after purchasing an additional 1,392 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in S&P Global were worth $5,842,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cornerstone Wealth Management LLC lifted its holdings in S&P Global by 800.7% during the second quarter. Cornerstone Wealth Management LLC now owns 24,795 shares of the business services provider’s stock worth $121,000 after acquiring an additional 22,042 shares during the period. Kaizen Advisory LLC lifted its holdings in S&P Global by 143.4% during the second quarter. Kaizen Advisory LLC now owns 606 shares of the business services provider’s stock worth $124,000 after acquiring an additional 357 shares during the period. Sun Life Financial INC lifted its holdings in S&P Global by 209.0% during the second quarter. Sun Life Financial INC now owns 683 shares of the business services provider’s stock worth $139,000 after acquiring an additional 462 shares during the period. First Mercantile Trust Co. lifted its holdings in S&P Global by 65.0% during the second quarter. First Mercantile Trust Co. now owns 848 shares of the business services provider’s stock worth $173,000 after acquiring an additional 334 shares during the period. Finally, Fiera Capital Corp bought a new stake in S&P Global during the second quarter worth $202,000. 82.92% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on SPGI. Goldman Sachs Group began coverage on S&P Global in a report on Wednesday, November 14th. They set a “buy” rating and a $225.00 price target on the stock. Morgan Stanley set a $202.00 price target on S&P Global and gave the stock a “hold” rating in a report on Friday, October 26th. Raymond James dropped their price target on S&P Global from $222.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, October 26th. BMO Capital Markets dropped their price target on S&P Global from $197.00 to $185.00 and set a “market perform” rating on the stock in a report on Friday, October 26th. Finally, Wells Fargo & Co dropped their price target on S&P Global from $205.00 to $180.00 and set a “market perform” rating on the stock in a report on Friday, October 26th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $208.00.

In other S&P Global news, SVP Nancy Luquette sold 225 shares of the business’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $183.51, for a total value of $41,289.75. Following the sale, the senior vice president now directly owns 306 shares in the company, valued at $56,154.06. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.

Shares of SPGI opened at $174.75 on Monday. The firm has a market capitalization of $43.84 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 1.43 and a beta of 1.18. The company has a debt-to-equity ratio of 3.82, a quick ratio of 1.44 and a current ratio of 1.44. S&P Global Inc has a 1 year low of $162.25 and a 1 year high of $217.31.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 25th. The business services provider reported $2.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.10. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.58 billion. S&P Global had a return on equity of 340.41% and a net margin of 27.10%. Research analysts anticipate that S&P Global Inc will post 8.52 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Wednesday, November 28th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $2.00 annualized dividend and a dividend yield of 1.14%. S&P Global’s payout ratio is presently 29.03%.

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About S&P Global

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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