S&P Global Inc. $SPGI Stock: Nippon Life Global Investors Americas Inc. Increases Holdings

Nippon Life Global Investors Americas Inc. raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 28.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,110 shares of the business services provider’s stock after buying an additional 8,030 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in S&P Global were worth $14,244,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its position in shares of S&P Global by 2.2% in the second quarter. State Street Corp now owns 14,482,789 shares of the business services provider’s stock worth $5,898,261,000 after buying an additional 307,255 shares during the period. Unisphere Establishment lifted its stake in S&P Global by 6.5% in the 1st quarter. Unisphere Establishment now owns 2,130,050 shares of the business services provider’s stock worth $905,995,000 after acquiring an additional 130,050 shares in the last quarter. Bank of America Corp DE purchased a new stake in S&P Global in the 2nd quarter worth about $865,892,000. Soroban Capital Partners LP boosted its position in S&P Global by 260.3% during the 1st quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock worth $718,247,000 after acquiring an additional 1,219,990 shares during the period. Finally, EdgePoint Investment Group Inc. purchased a new position in S&P Global during the 1st quarter valued at about $702,911,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on SPGI. Citigroup increased their target price on shares of S&P Global from $500.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday. BMO Capital Markets lowered their price target on shares of S&P Global from $505.00 to $500.00 and set an “outperform” rating on the stock in a report on Tuesday, October 13th. Stifel Nicolaus upped their price target on shares of S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of S&P Global in a report on Friday, October 2nd. Finally, UBS Group reduced their price objective on S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Eighteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $522.24.

S&P Global Trading Down 0.0%

S&P Global stock opened at $466.46 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.74 and a current ratio of 0.74. The business’s 50-day simple moving average is $421.62 and its 200-day simple moving average is $431.64. The firm has a market capitalization of $135.23 billion, a PE ratio of 27.82, a PEG ratio of 2.21 and a beta of 1.09. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $552.25.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, October 27th. The business services provider reported $4.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.15. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.64 billion. S&P Global had a return on equity of 19.46% and a net margin of 32.21%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $4.73 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.89 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be paid a $0.97 dividend. The ex-dividend date is Wednesday, November 25th. This represents a $3.88 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is presently 23.14%.

About S&P Global

S&P Global (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.