S&P Global Inc. (NYSE:SPGI) Shares Purchased by Nwam LLC

Nwam LLC raised its holdings in S&P Global Inc. (NYSE:SPGI) by 45.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,043 shares of the business services provider’s stock after acquiring an additional 326 shares during the quarter. Nwam LLC’s holdings in S&P Global were worth $446,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Janney Capital Management LLC lifted its holdings in S&P Global by 2.7% in the fourth quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock valued at $7,678,000 after acquiring an additional 461 shares during the period. Arkadios Wealth Advisors lifted its holdings in S&P Global by 6.1% in the fourth quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock valued at $671,000 after acquiring an additional 87 shares during the period. Artisan Partners Limited Partnership lifted its holdings in S&P Global by 15.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock valued at $618,369,000 after acquiring an additional 190,758 shares during the period. Citizens Financial Group Inc. RI lifted its holdings in S&P Global by 54.2% in the fourth quarter. Citizens Financial Group Inc. RI now owns 3,172 shares of the business services provider’s stock valued at $1,397,000 after acquiring an additional 1,115 shares during the period. Finally, Aspiriant LLC acquired a new stake in S&P Global in the fourth quarter valued at $398,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Down 1.0 %

S&P Global stock opened at $479.84 on Friday. The stock has a market cap of $150.14 billion, a PE ratio of 53.79, a P/E/G ratio of 2.72 and a beta of 1.16. The stock has a 50-day moving average price of $445.40 and a 200 day moving average price of $434.97. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $491.48. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, beating the consensus estimate of $3.68 by $0.33. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. Equities research analysts predict that S&P Global Inc. will post 14.25 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.76%. The ex-dividend date is Tuesday, August 27th. S&P Global’s dividend payout ratio (DPR) is 40.81%.

Analysts Set New Price Targets

SPGI has been the subject of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a report on Friday, June 21st. Bank of America raised their price target on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Oppenheimer raised their price target on S&P Global from $482.00 to $486.00 and gave the company an “outperform” rating in a research report on Monday, July 1st. Erste Group Bank restated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Finally, Morgan Stanley raised their price target on S&P Global from $500.00 to $510.00 and gave the company an “overweight” rating in a research report on Friday, July 5th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $490.55.

S&P Global Profile

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.