NuWave Investment Management LLC purchased a new position in shares of S&P Global Inc (NYSE:SPGI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,019 shares of the business services provider’s stock, valued at approximately $172,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Edgewood Management LLC grew its position in shares of S&P Global by 2.4% in the third quarter. Edgewood Management LLC now owns 6,025,481 shares of the business services provider’s stock valued at $941,843,000 after purchasing an additional 141,206 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of S&P Global by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 4,421,615 shares of the business services provider’s stock valued at $687,694,000 after purchasing an additional 157,161 shares during the last quarter. Capital International Investors grew its position in shares of S&P Global by 1.7% in the third quarter. Capital International Investors now owns 2,206,505 shares of the business services provider’s stock valued at $344,899,000 after purchasing an additional 36,562 shares during the last quarter. Mawer Investment Management Ltd. grew its position in shares of S&P Global by 0.7% in the third quarter. Mawer Investment Management Ltd. now owns 1,691,811 shares of the business services provider’s stock valued at $264,447,000 after purchasing an additional 12,150 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in shares of S&P Global by 3.4% in the third quarter. Prudential Financial Inc. now owns 1,441,961 shares of the business services provider’s stock valued at $225,392,000 after purchasing an additional 47,930 shares during the last quarter. 85.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of S&P Global Inc (SPGI) opened at $181.94 on Wednesday. The company has a debt-to-equity ratio of 4.13, a quick ratio of 1.52 and a current ratio of 1.35. S&P Global Inc has a 12 month low of $126.21 and a 12 month high of $185.38. The firm has a market capitalization of $45,793.40, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 1.69 and a beta of 1.52.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 6th. The business services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.22. S&P Global had a return on equity of 199.44% and a net margin of 24.69%. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the company earned $1.28 earnings per share. The company’s quarterly revenue was up 13.6% on a year-over-year basis. equities analysts anticipate that S&P Global Inc will post 8.52 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Monday, February 26th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 23rd. This is a boost from S&P Global’s previous quarterly dividend of $0.41. This represents a $2.00 annualized dividend and a yield of 1.10%. S&P Global’s dividend payout ratio is presently 28.37%.

Several brokerages recently issued reports on SPGI. Piper Jaffray Companies reiterated an “overweight” rating and issued a $229.00 price target (up from $224.00) on shares of S&P Global in a research note on Tuesday. Credit Suisse Group boosted their price target on S&P Global from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Cantor Fitzgerald boosted their price target on S&P Global from $190.00 to $196.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Barclays boosted their price target on S&P Global from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Finally, BMO Capital Markets boosted their price target on S&P Global from $183.00 to $186.00 and gave the company a “market perform” rating in a research note on Wednesday, February 7th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. S&P Global has a consensus rating of “Buy” and a consensus price target of $186.64.

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S&P Global Profile

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

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

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