Norinchukin Bank The Acquires 545 Shares of S&P Global Inc. (NYSE:SPGI)

Norinchukin Bank The lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,403 shares of the business services provider’s stock after purchasing an additional 545 shares during the quarter. S&P Global accounts for 1.1% of Norinchukin Bank The’s holdings, making the stock its 17th largest position. Norinchukin Bank The’s holdings in S&P Global were worth $51,000,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ossiam grew its position in S&P Global by 33.4% during the fourth quarter. Ossiam now owns 17,814 shares of the business services provider’s stock worth $8,872,000 after buying an additional 4,464 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of S&P Global by 46.9% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 88,918 shares of the business services provider’s stock valued at $44,284,000 after acquiring an additional 28,376 shares during the period. Beck Mack & Oliver LLC acquired a new stake in shares of S&P Global during the 4th quarter worth $394,000. Capital International Inc. CA increased its position in shares of S&P Global by 14.7% in the fourth quarter. Capital International Inc. CA now owns 56,233 shares of the business services provider’s stock worth $28,006,000 after purchasing an additional 7,191 shares during the period. Finally, Capital Research Global Investors raised its stake in S&P Global by 0.9% in the fourth quarter. Capital Research Global Investors now owns 1,636,182 shares of the business services provider’s stock valued at $814,868,000 after purchasing an additional 14,122 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Down 0.3 %

Shares of NYSE SPGI opened at $462.55 on Friday. The company has a 50 day simple moving average of $499.33 and a 200 day simple moving average of $504.61. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The firm has a market cap of $145.17 billion, a PE ratio of 37.45, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter in the prior year, the company earned $3.13 earnings per share. On average, research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.83%. S&P Global’s payout ratio is presently 31.09%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SPGI. Wells Fargo & Company reduced their price objective on shares of S&P Global from $633.00 to $607.00 and set an “overweight” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a research note on Wednesday. Morgan Stanley boosted their price objective on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Bank of America initiated coverage on S&P Global in a research note on Thursday, April 10th. They issued a “buy” rating and a $600.00 price target on the stock. Finally, Citigroup began coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $591.86.

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.