S&P Global Inc. (NYSE:SPGI) Shares Bought by Nelson Capital Management LLC

Nelson Capital Management LLC lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,629 shares of the business services provider’s stock after purchasing an additional 426 shares during the quarter. S&P Global comprises approximately 0.8% of Nelson Capital Management LLC’s investment portfolio, making the stock its 28th biggest position. Nelson Capital Management LLC’s holdings in S&P Global were worth $4,796,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SPGI. Nordea Investment Management AB lifted its position in S&P Global by 52.0% in the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after acquiring an additional 225,370 shares during the last quarter. GDS Wealth Management increased its holdings in shares of S&P Global by 7.0% in the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after purchasing an additional 1,801 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of S&P Global by 12.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after acquiring an additional 3,093 shares during the period. Eastern Bank grew its holdings in S&P Global by 3.1% in the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after purchasing an additional 1,530 shares during the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new position in S&P Global during the 3rd quarter valued at about $27,170,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on SPGI shares. Morgan Stanley lifted their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Wells Fargo & Company increased their price objective on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. BMO Capital Markets increased their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Evercore ISI upped their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Finally, UBS Group increased their target price on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $590.23.

S&P Global Stock Up 0.1 %

NYSE SPGI opened at $533.80 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $164.30 billion, a PE ratio of 43.22, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The business has a fifty day moving average price of $511.35 and a two-hundred day moving average price of $510.09.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the prior year, the firm posted $3.13 EPS. Equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.72%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s payout ratio is presently 31.09%.

S&P Global 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.