NuWave Investment Management LLC Raises Position in S&P Global Inc (NYSE:SPGI)

NuWave Investment Management LLC grew its holdings in S&P Global Inc (NYSE:SPGI) by 182.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,957 shares of the business services provider’s stock after buying an additional 1,909 shares during the quarter. NuWave Investment Management LLC’s holdings in S&P Global were worth $502,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. FMR LLC lifted its stake in S&P Global by 6.4% during the second quarter. FMR LLC now owns 10,698,339 shares of the business services provider’s stock worth $2,181,285,000 after purchasing an additional 642,229 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in S&P Global by 26.0% during the second quarter. Cubist Systematic Strategies LLC now owns 3,392 shares of the business services provider’s stock worth $692,000 after purchasing an additional 701 shares in the last quarter. Macquarie Group Ltd. lifted its stake in S&P Global by 81.7% during the second quarter. Macquarie Group Ltd. now owns 4,216 shares of the business services provider’s stock worth $859,000 after purchasing an additional 1,896 shares in the last quarter. Global X Management Co LLC lifted its stake in S&P Global by 32.4% during the second quarter. Global X Management Co LLC now owns 3,699 shares of the business services provider’s stock worth $754,000 after purchasing an additional 905 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in S&P Global by 21.9% during the second quarter. Advisors Asset Management Inc. now owns 38,413 shares of the business services provider’s stock worth $7,832,000 after purchasing an additional 6,902 shares in the last quarter. Institutional investors and hedge funds own 84.66% of the company’s stock.

NYSE:SPGI opened at $197.18 on Thursday. The firm has a market capitalization of $48.99 billion, a P/E ratio of 23.20, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15. The company has a debt-to-equity ratio of 5.35, a quick ratio of 1.44 and a current ratio of 1.37. S&P Global Inc has a 12 month low of $156.68 and a 12 month high of $217.31.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, February 7th. The business services provider reported $2.22 EPS for the quarter, beating the consensus estimate of $2.20 by $0.02. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.60 billion. S&P Global had a return on equity of 367.09% and a net margin of 31.30%. S&P Global’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.85 earnings per share. Analysts predict that S&P Global Inc will post 9.04 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 26th will be issued a dividend of $0.57 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, February 25th. This represents a $2.28 annualized dividend and a dividend yield of 1.16%. S&P Global’s dividend payout ratio (DPR) is presently 23.53%.

In related news, CFO Ewout L. Steenbergen sold 4,000 shares of the firm’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $194.20, for a total transaction of $776,800.00. Following the transaction, the chief financial officer now owns 5,239 shares of the company’s stock, valued at $1,017,413.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Alexander Matturri, Jr. sold 1,791 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $195.74, for a total value of $350,570.34. Following the transaction, the chief executive officer now directly owns 17,354 shares in the company, valued at approximately $3,396,871.96. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Several analysts have recently issued reports on the company. Wells Fargo & Co reduced their price objective on S&P Global from $205.00 to $180.00 and set a “market perform” rating on the stock in a research note on Friday, October 26th. Atlantic Securities upgraded S&P Global from a “neutral” rating to an “overweight” rating and set a $210.00 price objective on the stock in a research note on Friday, January 11th. Raymond James reduced their price objective on S&P Global from $215.00 to $209.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 8th. Morgan Stanley set a $202.00 price objective on S&P Global and gave the company a “hold” rating in a research note on Friday, October 26th. Finally, Goldman Sachs Group assumed coverage on S&P Global in a research note on Wednesday, November 14th. They issued a “buy” rating and a $225.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $205.82.

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S&P Global Company Profile

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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