Nippon Life Global Investors Americas Inc. Sells 12,200 Shares of S&P Global Inc. (NYSE:SPGI)

Nippon Life Global Investors Americas Inc. lowered its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 86.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,940 shares of the business services provider's stock after selling 12,200 shares during the period. Nippon Life Global Investors Americas Inc.'s holdings in S&P Global were worth $966,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Human Investing LLC bought a new stake in S&P Global during the fourth quarter worth about $30,000. Noble Wealth Management PBC bought a new position in shares of S&P Global in the fourth quarter valued at $31,000. Hazlett Burt & Watson Inc. increased its holdings in S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after buying an additional 38 shares during the last quarter. Sound Income Strategies LLC lifted its stake in S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock valued at $36,000 after acquiring an additional 63 shares during the last quarter. Finally, BankPlus Trust Department bought a new position in shares of S&P Global in the 4th quarter valued at about $40,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

NYSE:SPGI opened at $448.89 on Tuesday. The company has a market cap of $140.88 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a fifty day moving average price of $497.69 and a 200-day moving average price of $504.02.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the business earned $3.13 EPS. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Wednesday, February 26th. This is an increase from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio (DPR) is currently 31.09%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SPGI. StockNews.com downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Mizuho initiated coverage on S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price for the company. Morgan Stanley increased their price target on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Bank of America began coverage on shares of S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective on the stock. Finally, Oppenheimer reduced their target price on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, S&P Global has an average rating of "Moderate Buy" and a consensus target price of $591.86.

S&P Global Company 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.

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