Nuveen Asset Management LLC Grows Stake in S&P Global Inc. (NYSE:SPGI)

Nuveen Asset Management LLC raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,184,312 shares of the business services provider’s stock after purchasing an additional 224,294 shares during the period. Nuveen Asset Management LLC’s holdings in S&P Global were worth $1,087,853,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SPGI. OMERS ADMINISTRATION Corp boosted its stake in S&P Global by 0.5% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 340,197 shares of the business services provider’s stock worth $169,428,000 after purchasing an additional 1,788 shares in the last quarter. Obermeyer Wealth Partners raised its holdings in shares of S&P Global by 150.5% in the fourth quarter. Obermeyer Wealth Partners now owns 3,665 shares of the business services provider’s stock worth $1,825,000 after buying an additional 2,202 shares during the last quarter. Minot DeBlois Advisors LLC purchased a new position in shares of S&P Global in the fourth quarter worth $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of S&P Global by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,782 shares of the business services provider’s stock worth $19,813,000 after buying an additional 1,473 shares during the period. Finally, Lionshead Wealth Management LLC purchased a new stake in shares of S&P Global during the fourth quarter valued at $228,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Transactions at S&P Global

In other news, EVP Sally Moore sold 500 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the sale, the executive vice president now directly owns 5,131 shares in the company, valued at $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company’s stock.

S&P Global Trading Down 0.5%

Shares of NYSE:SPGI opened at $515.88 on Wednesday. The business’s 50 day moving average price is $486.18 and its 200-day moving average price is $501.89. S&P Global Inc. has a 1 year low of $419.49 and a 1 year high of $545.39. The firm has a market capitalization of $158.22 billion, a price-to-earnings ratio of 41.77, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. 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 (NYSE:SPGI) last released its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.23 by $0.14. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the business posted $4.01 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $0.96 per share. The ex-dividend date is Wednesday, May 28th. This represents a $3.84 annualized dividend and a yield of 0.74%. S&P Global’s dividend payout ratio (DPR) is presently 30.16%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SPGI. Morgan Stanley upped their target price on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Robert W. Baird cut their price objective on S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Stifel Nicolaus reduced their price objective on S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Mizuho began coverage on S&P Global in a report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price for the company. Finally, BMO Capital Markets increased their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $592.71.

S&P Global Company Profile

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.