S&P Global Inc. (NYSE:SPGI) Shares Bought by Nemes Rush Group LLC

Nemes Rush Group LLC increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,923 shares of the business services provider’s stock after acquiring an additional 1,502 shares during the quarter. Nemes Rush Group LLC’s holdings in S&P Global were worth $7,930,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Human Investing LLC acquired a new position in shares of S&P Global in the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC acquired a new position in shares of S&P Global during the 4th quarter worth $31,000. Hazlett Burt & Watson Inc. increased its holdings in shares of S&P Global by 131.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. Dunhill Financial LLC lifted its stake in shares of S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 34 shares during the period. Finally, Sound Income Strategies LLC lifted its stake 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 valued at $36,000 after purchasing an additional 63 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPGI has been the topic of a number of research reports. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Citigroup assumed coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Oppenheimer cut their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Evercore ISI raised their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, Mizuho began coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $590.86.

S&P Global Price Performance

Shares of NYSE SPGI opened at $508.48 on Tuesday. 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 1-year low of $407.69 and a 1-year high of $545.39. The company has a market capitalization of $159.58 billion, a price-to-earnings ratio of 41.17, a PEG ratio of 2.41 and a beta of 1.20. The business has a 50-day moving average of $515.34 and a 200-day moving average of $510.02.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping 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 period in the previous year, the firm posted $3.13 earnings per share. On average, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is presently 31.09%.

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.