Neuberger Berman Group LLC Sells 75,602 Shares of S&P Global Inc. (NYSE:SPGI)

Key Points

• Neuberger Berman Group LLC reduced its stake in S&P Global Inc. by 4.5%, selling 75,602 shares to hold a total of 1,606,264 shares, representing about 0.7% of its portfolio.
• Several institutional investors, such as Vanguard Group and Northern Trust, have increased their positions in S&P Global, reflecting strong institutional interest as they collectively own 87.17% of the company's stock.
• S&P Global's recent earnings report showed an EPS of $4.43, beating estimates and reflecting a 5.8% year-over-year revenue growth, alongside a quarterly dividend announcement of $0.96 per share.

Neuberger Berman Group LLC lowered its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,606,264 shares of the business services provider's stock after selling 75,602 shares during the quarter. S&P Global makes up about 0.7% of Neuberger Berman Group LLC's portfolio, making the stock its 20th biggest position. Neuberger Berman Group LLC owned approximately 0.52% of S&P Global worth $815,992,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in S&P Global by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider's stock valued at $15,130,711,000 after acquiring an additional 108,729 shares in the last quarter. Northern Trust Corp boosted its position in S&P Global by 19.1% during the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock valued at $1,631,568,000 after acquiring an additional 525,347 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in S&P Global by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock valued at $1,529,653,000 after acquiring an additional 357,790 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in S&P Global by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider's stock valued at $1,403,468,000 after acquiring an additional 97,324 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in S&P Global by 11.4% during the 4th quarter. Nuveen Asset Management LLC now owns 2,184,312 shares of the business services provider's stock valued at $1,087,853,000 after acquiring an additional 224,294 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

SPGI has been the subject of several analyst reports. UBS Group increased their price objective on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Barclays increased their price objective on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. increased their price objective on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Stifel Nicolaus decreased their price objective on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, Argus upgraded S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $611.69.

S&P Global Stock Up 0.6%

SPGI stock opened at $559.28 on Wednesday. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $566.42. The company's 50 day simple moving average is $527.21 and its 200-day simple moving average is $511.67. The firm has a market capitalization of $170.75 billion, a PE ratio of 43.02, a P/E/G ratio of 2.98 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating analysts' consensus estimates of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the firm posted $4.04 EPS. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. Equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is currently 29.54%.

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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