S&P Global Inc. $SPGI Shares Purchased by Milestone Resources Group Ltd

Milestone Resources Group Ltd grew its holdings in S&P Global Inc. (NYSE:SPGI) by 13.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 498,333 shares of the business services provider’s stock after acquiring an additional 59,637 shares during the period. S&P Global comprises approximately 12.2% of Milestone Resources Group Ltd’s holdings, making the stock its 4th biggest holding. Milestone Resources Group Ltd owned about 0.16% of S&P Global worth $242,544,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Everhart Financial Group Inc. raised its stake in shares of S&P Global by 2.2% during the third quarter. Everhart Financial Group Inc. now owns 3,051 shares of the business services provider’s stock valued at $1,485,000 after purchasing an additional 66 shares during the period. Howard Capital Management Inc. grew its holdings in S&P Global by 3.1% during the 3rd quarter. Howard Capital Management Inc. now owns 2,267 shares of the business services provider’s stock valued at $1,103,000 after purchasing an additional 68 shares in the last quarter. Berman McAleer LLC purchased a new stake in S&P Global during the 3rd quarter worth $200,000. National Pension Service lifted its holdings in S&P Global by 3.1% in the 3rd quarter. National Pension Service now owns 607,355 shares of the business services provider’s stock worth $295,606,000 after buying an additional 18,397 shares in the last quarter. Finally, Welch & Forbes LLC boosted its position in S&P Global by 297.0% in the 3rd quarter. Welch & Forbes LLC now owns 4,434 shares of the business services provider’s stock valued at $2,158,000 after buying an additional 3,317 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Mizuho raised their price objective on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Morgan Stanley lifted their price target on shares of S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. JPMorgan Chase & Co. cut their price target on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. The Goldman Sachs Group reissued a “buy” rating and set a $640.00 price objective on shares of S&P Global in a report on Tuesday, December 16th. Finally, William Blair restated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat, S&P Global currently has a consensus rating of “Buy” and an average target price of $615.64.

S&P Global Stock Performance

S&P Global stock opened at $527.23 on Friday. The company has a market cap of $159.65 billion, a PE ratio of 38.34, a P/E/G ratio of 2.25 and a beta of 1.21. The company has a fifty day moving average price of $518.60 and a two-hundred day moving average price of $517.41. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share for the quarter, topping analysts’ consensus estimates of $4.26 by $0.47. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the prior year, the company earned $3.89 earnings per share. The firm’s revenue was up 8.8% compared to the same quarter last year. Research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be issued a $0.97 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, February 25th. S&P Global’s dividend payout ratio is 27.93%.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.