NEOS Investment Management LLC Purchases 4,569 Shares of S&P Global Inc. (NYSE:SPGI)

NEOS Investment Management LLC grew its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 33.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,204 shares of the business services provider's stock after purchasing an additional 4,569 shares during the period. NEOS Investment Management LLC's holdings in S&P Global were worth $9,066,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SPGI. Nordea Investment Management AB boosted 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 buying an additional 225,370 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in shares of S&P Global by 12.6% in 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 last quarter. Eastern Bank boosted its holdings in shares of S&P Global by 3.1% during the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider's stock valued at $24,980,000 after acquiring an additional 1,530 shares in the last quarter. Wealthfront Advisers LLC grew its position in S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock worth $18,799,000 after acquiring an additional 6,051 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in S&P Global in the 3rd quarter worth about $27,170,000. Institutional investors and hedge funds own 87.17% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SPGI shares. Oppenheimer reduced their price target on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. Evercore ISI upped their price target on shares of S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Morgan Stanley lifted their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. UBS Group increased their price objective on S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, Citigroup assumed coverage on S&P Global in a report on Friday, December 20th. They set a "buy" rating and a $600.00 target price on the stock. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $590.86.

S&P Global Stock Down 1.2 %

Shares of S&P Global stock traded down $6.31 on Friday, hitting $502.33. The company had a trading volume of 1,140,449 shares, compared to its average volume of 1,220,368. The stock has a market capitalization of $157.65 billion, a price-to-earnings ratio of 40.67, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The stock has a 50 day moving average of $515.20 and a 200-day moving average of $510.14.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same period last year, the business posted $3.13 earnings per share. As a group, sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.76%. This is a boost from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is currently 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.