Nuveen Asset Management LLC Increases Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Nuveen Asset Management LLC raised its stake in S&P Global Inc. (NYSE:SPGIGet Rating) by 8.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,110,993 shares of the business services provider’s stock after purchasing an additional 170,581 shares during the quarter. Nuveen Asset Management LLC owned 0.88% of S&P Global worth $996,241,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Camden National Bank acquired a new position in shares of S&P Global in the fourth quarter worth $4,499,000. Blueshift Asset Management LLC raised its holdings in shares of S&P Global by 46.8% in the third quarter. Blueshift Asset Management LLC now owns 5,511 shares of the business services provider’s stock worth $2,342,000 after acquiring an additional 1,756 shares during the last quarter. Barings LLC acquired a new position in shares of S&P Global in the third quarter worth $474,000. Oppenheimer Asset Management Inc. raised its holdings in shares of S&P Global by 3.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 6,873 shares of the business services provider’s stock worth $2,919,000 after acquiring an additional 244 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in S&P Global by 16.2% in the third quarter. Oppenheimer & Co. Inc. now owns 1,596 shares of the business services provider’s stock valued at $678,000 after purchasing an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 94.26% of the company’s stock.

Several equities analysts recently commented on SPGI shares. Morgan Stanley dropped their target price on S&P Global from $468.00 to $459.00 and set an “overweight” rating for the company in a research note on Thursday, March 17th. BMO Capital Markets lowered their price target on S&P Global from $462.00 to $433.00 and set an “outperform” rating for the company in a research report on Wednesday, May 4th. JPMorgan Chase & Co. began coverage on S&P Global in a research report on Wednesday, March 2nd. They set an “overweight” rating and a $480.00 price target for the company. Redburn Partners began coverage on S&P Global in a research report on Tuesday, May 17th. They issued a “buy” rating for the company. Finally, StockNews.com began coverage on S&P Global in a research report on Thursday, March 31st. They issued a “hold” rating for the company. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, S&P Global has an average rating of “Buy” and an average price target of $467.57.

NYSE SPGI traded up $4.81 on Thursday, reaching $352.47. 2,048,019 shares of the stock traded hands, compared to its average volume of 2,384,905. The firm’s fifty day simple moving average is $379.79 and its 200 day simple moving average is $413.61. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.28. The company has a market cap of $119.78 billion, a price-to-earnings ratio of 25.49, a P/E/G ratio of 2.12 and a beta of 1.05. S&P Global Inc. has a 12 month low of $322.20 and a 12 month high of $484.21.

S&P Global (NYSE:SPGIGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The business services provider reported $2.89 earnings per share for the quarter, missing the consensus estimate of $2.99 by ($0.10). The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $3.04 billion. S&P Global had a return on equity of 31.07% and a net margin of 40.43%. The business’s revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business earned $3.39 earnings per share. As a group, equities research analysts forecast that S&P Global Inc. will post 13.08 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Friday, May 27th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 0.96%. This is a positive change from S&P Global’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Thursday, May 26th. S&P Global’s dividend payout ratio (DPR) is currently 22.22%.

In other S&P Global news, EVP Steven J. Kemps sold 1,591 shares of the firm’s stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $407.23, for a total transaction of $647,902.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dimitra Manis sold 2,636 shares of S&P Global stock in a transaction that occurred on Wednesday, March 2nd. The shares were sold at an average price of $405.41, for a total transaction of $1,068,660.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,567 shares of company stock valued at $5,914,500. 0.10% of the stock is owned by corporate insiders.

About S&P Global (Get Rating)

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

See Also

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGIGet Rating).

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

Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.