Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Raises Position in S&P Global Inc (SPGI)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of S&P Global Inc (NYSE:SPGI) by 1.6% in the 1st quarter, HoldingsChannel reports. The firm owned 38,526 shares of the business services provider’s stock after purchasing an additional 591 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in S&P Global were worth $8,112,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Intersect Capital LLC acquired a new position in S&P Global during the first quarter worth $229,000. Kavar Capital Partners LLC acquired a new position in S&P Global during the first quarter worth $219,000. CENTRAL TRUST Co boosted its stake in S&P Global by 4.7% during the first quarter. CENTRAL TRUST Co now owns 3,994 shares of the business services provider’s stock worth $841,000 after buying an additional 178 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in S&P Global by 2.1% during the first quarter. Daiwa Securities Group Inc. now owns 9,868 shares of the business services provider’s stock worth $2,078,000 after buying an additional 200 shares during the last quarter. Finally, World Asset Management Inc boosted its stake in S&P Global by 1.7% during the first quarter. World Asset Management Inc now owns 17,842 shares of the business services provider’s stock worth $3,757,000 after buying an additional 297 shares during the last quarter. Hedge funds and other institutional investors own 84.41% of the company’s stock.

Shares of S&P Global stock opened at $220.27 on Monday. S&P Global Inc has a 52 week low of $156.68 and a 52 week high of $220.30. The firm has a market capitalization of $54.20 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 1.39 and a beta of 1.16. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 5.35.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, February 7th. The business services provider reported $2.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.02. S&P Global had a return on equity of 367.09% and a net margin of 31.30%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the prior year, the company posted $1.85 EPS. The company’s quarterly revenue was down 3.3% on a year-over-year basis. Equities analysts forecast that S&P Global Inc will post 9.03 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on SPGI shares. UBS Group boosted their price objective on S&P Global from $205.00 to $226.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Atlantic Securities raised S&P Global from a “neutral” rating to an “overweight” rating and set a $210.00 price target on the stock in a research note on Friday, January 11th. Raymond James decreased their price target on S&P Global from $215.00 to $209.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 8th. Zacks Investment Research lowered S&P Global from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Finally, Morgan Stanley set a $193.00 price target on S&P Global and gave the company a “hold” rating in a research note on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $212.18.

In related news, CEO Alexander Matturri, Jr. sold 1,791 shares of the business’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $195.74, for a total value of $350,570.34. Following the sale, the chief executive officer now owns 17,354 shares in the company, valued at approximately $3,396,871.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John L. Berisford sold 9,669 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $202.22, for a total value of $1,955,265.18. Following the completion of the sale, the insider now owns 26,344 shares in the company, valued at approximately $5,327,283.68. The disclosure for this sale can be found here. Insiders sold a total of 19,041 shares of company stock worth $3,805,815 in the last quarter. Company insiders own 0.20% of the company’s stock.

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S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

Further Reading: Stochastic Momentum Index (SMI)

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

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