Nomura Asset Management Co. Ltd. Purchases 19,441 Shares of S&P Global Inc. (NYSE:SPGI)

Nomura Asset Management Co. Ltd. raised its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 271,405 shares of the business services provider's stock after acquiring an additional 19,441 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.09% of S&P Global worth $135,168,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Human Investing LLC bought a new stake in S&P Global during the 4th quarter valued at $30,000. Noble Wealth Management PBC bought a new stake in shares of S&P Global during the 4th quarter valued at $31,000. Dunhill Financial LLC increased its position in shares of S&P Global by 94.4% during the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock valued at $36,000 after buying an additional 34 shares during the period. Sound Income Strategies LLC raised its position in shares of 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 worth $36,000 after buying an additional 63 shares in the last quarter. Finally, BankPlus Trust Department bought a new stake in shares of S&P Global during the 4th quarter valued at about $40,000. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Up 1.2 %

NYSE:SPGI traded up $6.10 during mid-day trading on Monday, reaching $508.61. 579,726 shares of the company's stock traded hands, compared to its average volume of 1,218,238. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. 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 company has a 50 day moving average price of $515.20 and a 200-day moving average price of $510.10. The firm has a market capitalization of $159.62 billion, a price-to-earnings ratio of 41.15, a PEG ratio of 2.41 and a beta of 1.20.

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S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating analysts' consensus estimates 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 earned $3.13 earnings per share. On average, sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. 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%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SPGI. UBS Group raised their price target on S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Citigroup started coverage on S&P Global in a report on Friday, December 20th. They set a "buy" rating and a $600.00 price objective on the stock. BMO Capital Markets increased their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Evercore ISI boosted their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Finally, Mizuho initiated coverage on shares of S&P Global in a report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, S&P Global currently has an average rating of "Moderate Buy" and a consensus price target of $590.86.

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.