Nwam LLC Sells 32 Shares of S&P Global Inc. (NYSE:SPGI)

Nwam LLC decreased its stake in S&P Global Inc. (NYSE:SPGI) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,017 shares of the business services provider’s stock after selling 32 shares during the period. Nwam LLC’s holdings in S&P Global were worth $507,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SPGI. Stegent Equity Advisors Inc. raised its position in S&P Global by 14.7% in the 4th quarter. Stegent Equity Advisors Inc. now owns 639 shares of the business services provider’s stock worth $318,000 after purchasing an additional 82 shares during the period. GenTrust LLC raised its position in S&P Global by 29.8% in the 4th quarter. GenTrust LLC now owns 689 shares of the business services provider’s stock worth $343,000 after purchasing an additional 158 shares during the period. SRN Advisors LLC purchased a new position in S&P Global in the 4th quarter worth $233,000. Whipplewood Advisors LLC purchased a new position in S&P Global in the 4th quarter worth $98,000. Finally, Impact Investors Inc purchased a new position in S&P Global in the 4th quarter worth $328,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 1.7 %

Shares of SPGI opened at $534.09 on Friday. The firm’s 50-day moving average price is $513.75 and its 200-day moving average price is $510.67. The firm has a market capitalization of $164.39 billion, a price-to-earnings ratio of 43.25, a PEG ratio of 2.41 and a beta of 1.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter last year, the business posted $3.13 EPS. Sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.72%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is presently 31.09%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Evercore ISI lifted their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Wells Fargo & Company lifted their target price on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Morgan Stanley lifted their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Citigroup assumed coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. Finally, BMO Capital Markets raised their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $590.23.

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.