S&P Global Inc. (NYSE:SPGI) Shares Sold by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV lowered its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 233,112 shares of the business services provider's stock after selling 29,120 shares during the quarter. S&P Global makes up about 0.7% of Nissay Asset Management Corp Japan ADV's investment portfolio, making the stock its 25th largest holding. Nissay Asset Management Corp Japan ADV owned approximately 0.08% of S&P Global worth $116,976,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank bought a new position in S&P Global during the 4th quarter valued at approximately $1,725,084,000. Raymond James Financial Inc. bought a new position in S&P Global during the 4th quarter valued at approximately $527,207,000. Proficio Capital Partners LLC increased its position in S&P Global by 71,024.1% during the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock valued at $308,525,000 after buying an additional 618,620 shares in the last quarter. Northern Trust Corp increased 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 buying an additional 525,347 shares in the last quarter. Finally, BlueSpruce Investments LP bought a new position in S&P Global during the 4th quarter valued at approximately $178,858,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on SPGI. UBS Group raised their price objective on S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Robert W. Baird reduced their target price on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Stifel Nicolaus reduced their target price 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. BMO Capital Markets lifted their target price on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their target price on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $592.71.

S&P Global Price Performance

SPGI stock traded up $3.08 during trading on Friday, hitting $522.36. The stock had a trading volume of 1,022,211 shares, compared to its average volume of 1,221,920. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a twelve month low of $419.49 and a twelve month high of $545.39. The stock has a market capitalization of $160.21 billion, a P/E ratio of 42.30, a PEG ratio of 2.41 and a beta of 1.23. The company's 50-day moving average price is $487.94 and its two-hundred day moving average price is $502.43.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.14. The business had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.01 EPS. As a group, research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be given a dividend of $0.96 per share. The ex-dividend date is Wednesday, May 28th. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. S&P Global's dividend payout ratio is currently 30.16%.

Insider Transactions at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president now directly owns 5,131 shares in the company, valued at $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.10% of the company's stock.

About S&P Global

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.