S&P Global Inc. (NYSE:SPGI) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lessened its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 251,964 shares of the business services provider's stock after selling 1,788 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.08% of S&P Global worth $130,170,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of SPGI. First National Corp MA ADV boosted its stake in shares of S&P Global by 0.9% during the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider's stock valued at $1,211,000 after buying an additional 20 shares during the last quarter. Kathleen S. Wright Associates Inc. boosted its stake in S&P Global by 25.0% during the 3rd quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider's stock valued at $51,000 after acquiring an additional 20 shares during the last quarter. Trust Point Inc. boosted its stake in S&P Global by 1.4% during the 3rd quarter. Trust Point Inc. now owns 1,404 shares of the business services provider's stock valued at $725,000 after acquiring an additional 20 shares during the last quarter. Headinvest LLC increased its position in shares of S&P Global by 2.0% in the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider's stock worth $515,000 after purchasing an additional 20 shares during the last quarter. Finally, Kampmann Melissa S. raised its stake in shares of S&P Global by 0.3% in the 2nd quarter. Kampmann Melissa S. now owns 8,284 shares of the business services provider's stock valued at $3,695,000 after purchasing an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Raymond James cut S&P Global from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. Oppenheimer upped their price target on S&P Global from $540.00 to $590.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. Stifel Nicolaus raised their price objective on S&P Global from $540.00 to $560.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Robert W. Baird boosted their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Finally, Evercore ISI assumed coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They issued an "outperform" rating and a $599.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, S&P Global presently has an average rating of "Moderate Buy" and an average target price of $571.31.

S&P Global Stock Performance

SPGI traded down $4.33 during trading hours on Monday, hitting $512.44. The company's stock had a trading volume of 430,637 shares, compared to its average volume of 1,208,349. The company has a 50-day simple moving average of $509.48 and a 200 day simple moving average of $488.47. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $159.01 billion, a PE ratio of 45.61, a PEG ratio of 2.64 and a beta of 1.19. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts' consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $3.21 earnings per share. As a group, sell-side analysts expect that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Tuesday, November 26th. S&P Global's dividend payout ratio (DPR) is presently 32.13%.

About S&P Global

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 through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.