Milestone Resources Group Ltd Purchases 184,427 Shares of S&P Global Inc. $SPGI

Milestone Resources Group Ltd lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 72.5% in the second quarter, Holdings Channel reports. The institutional investor owned 438,696 shares of the business services provider’s stock after acquiring an additional 184,427 shares during the period. S&P Global makes up about 12.1% of Milestone Resources Group Ltd’s portfolio, making the stock its 4th largest position. Milestone Resources Group Ltd’s holdings in S&P Global were worth $231,320,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Valeo Financial Advisors LLC raised its stake in S&P Global by 70,734.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after purchasing an additional 3,163,938 shares in the last quarter. Nuveen LLC bought a new position in shares of S&P Global during the first quarter worth approximately $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of S&P Global by 70.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider’s stock valued at $826,819,000 after buying an additional 670,392 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of S&P Global by 26.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock valued at $1,497,493,000 after buying an additional 614,809 shares during the period. Finally, Alliancebernstein L.P. grew its position in S&P Global by 37.9% during the first quarter. Alliancebernstein L.P. now owns 766,154 shares of the business services provider’s stock worth $389,283,000 after buying an additional 210,373 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SPGI shares. Stifel Nicolaus dropped their target price on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research report on Friday, October 31st. BMO Capital Markets reiterated an “outperform” rating and set a $538.00 price objective on shares of S&P Global in a research report on Friday, October 31st. Evercore ISI increased their price objective on shares of S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. lowered their price target on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Finally, Barclays raised their price objective on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $612.38.

S&P Global Trading Up 0.7%

NYSE:SPGI opened at $497.07 on Wednesday. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The firm’s fifty day moving average is $500.09 and its 200-day moving average is $517.04. The firm has a market cap of $150.51 billion, a P/E ratio of 38.24, a P/E/G ratio of 2.50 and a beta of 1.17. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $1.87 billion for the quarter. Equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio is presently 27.93%.

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.