Mawer Investment Management Ltd. Sells 12,519 Shares of S&P Global Inc. (NYSE:SPGI)

Mawer Investment Management Ltd. cut its stake in S&P Global Inc. (NYSE:SPGI) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 735,250 shares of the business services provider’s stock after selling 12,519 shares during the period. S&P Global accounts for 1.6% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 20th largest holding. Mawer Investment Management Ltd. owned about 0.23% of S&P Global worth $327,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in SPGI. Gilbert & Cook Inc. boosted its holdings in S&P Global by 7.8% in the fourth quarter. Gilbert & Cook Inc. now owns 1,152 shares of the business services provider’s stock valued at $507,000 after acquiring an additional 83 shares during the last quarter. Aveo Capital Partners LLC bought a new stake in S&P Global in the fourth quarter valued at approximately $215,000. 9258 Wealth Management LLC boosted its holdings in S&P Global by 30.4% in the fourth quarter. 9258 Wealth Management LLC now owns 1,758 shares of the business services provider’s stock valued at $774,000 after acquiring an additional 410 shares during the last quarter. Gryphon Financial Partners LLC boosted its holdings in S&P Global by 75.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 2,354 shares of the business services provider’s stock valued at $1,018,000 after acquiring an additional 1,014 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in S&P Global by 58.4% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 3,343 shares of the business services provider’s stock valued at $1,473,000 after acquiring an additional 1,233 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $515.83 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $521.50. The stock’s 50 day moving average is $488.03 and its 200-day moving average is $449.48. The firm has a market capitalization of $161.45 billion, a price-to-earnings ratio of 57.83, a PEG ratio of 2.65 and a beta of 1.17.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.37. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. S&P Global’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.12 earnings per share. Sell-side analysts forecast that S&P Global Inc. will post 14.58 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s payout ratio is currently 40.81%.

Analysts Set New Price Targets

SPGI has been the topic of several analyst reports. Bank of America upped their target price on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. JPMorgan Chase & Co. boosted their price target on S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. UBS Group boosted their price target on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Wells Fargo & Company raised S&P Global to a “strong-buy” rating in a research note on Tuesday, August 13th. Finally, Royal Bank of Canada boosted their price target on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $535.25.

Insider Activity at S&P Global

In related news, EVP Steven J. Kemps sold 2,700 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the completion of the sale, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the completion of the transaction, the executive vice president now owns 1,455 shares in the company, valued at approximately $715,205.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edouard Tavernier sold 500 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the transaction, the insider now owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. The disclosure for this sale can be found here. In the last three months, insiders sold 17,862 shares of company stock valued at $8,645,727. 0.10% of the stock is owned by insiders.

About S&P Global

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.