Nippon Life Global Investors Americas Inc. Raises Stock Position in S&P Global Inc. $SPGI

Nippon Life Global Investors Americas Inc. grew its holdings in S&P Global Inc. (NYSE:SPGI) by 1,984.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,260 shares of the business services provider’s stock after acquiring an additional 15,480 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in S&P Global were worth $7,914,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC raised its position in shares of S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after buying an additional 143 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of S&P Global by 7.8% in the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock worth $547,000 after purchasing an additional 75 shares during the last quarter. Sovran Advisors LLC lifted its position in shares of S&P Global by 45.2% in the second quarter. Sovran Advisors LLC now owns 707 shares of the business services provider’s stock worth $372,000 after buying an additional 220 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its stake in S&P Global by 39.4% during the second quarter. NorthCrest Asset Manangement LLC now owns 3,061 shares of the business services provider’s stock valued at $1,621,000 after buying an additional 865 shares during the last quarter. Finally, Fulton Bank N.A. grew its holdings in S&P Global by 11.4% during the 2nd quarter. Fulton Bank N.A. now owns 1,128 shares of the business services provider’s stock valued at $595,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Mizuho increased their target price on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 29th. Morgan Stanley lifted their price objective on shares of S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research note on Tuesday. Evercore ISI upped their target price on shares of S&P Global from $629.00 to $632.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Finally, Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the stock. According to MarketBeat.com, S&P Global currently has a consensus rating of “Buy” and an average target price of $615.64.

S&P Global Stock Up 0.2%

S&P Global stock opened at $546.25 on Friday. The business has a 50 day simple moving average of $511.03 and a 200-day simple moving average of $517.15. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The stock has a market capitalization of $165.40 billion, a PE ratio of 39.73, a price-to-earnings-growth ratio of 2.33 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.26 by $0.47. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the business earned $3.89 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. On average, analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be paid a $0.97 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, February 25th. S&P Global’s dividend payout ratio is presently 28.22%.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.