Nomura Asset Management Co. Ltd. Decreases Stake in S&P Global Inc. (NYSE:SPGI)

Nomura Asset Management Co. Ltd. lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 251,964 shares of the business services provider’s stock after selling 1,788 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.08% of S&P Global worth $130,170,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Y Intercept Hong Kong Ltd increased its holdings in shares of S&P Global by 91.0% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 1,182 shares of the business services provider’s stock valued at $611,000 after acquiring an additional 563 shares during the last quarter. MML Investors Services LLC increased its stake in S&P Global by 32.3% in the third quarter. MML Investors Services LLC now owns 36,396 shares of the business services provider’s stock valued at $18,803,000 after purchasing an additional 8,896 shares during the last quarter. Headinvest LLC raised its holdings in S&P Global by 2.0% during the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after purchasing an additional 20 shares in the last quarter. Dunhill Financial LLC lifted its position in shares of S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after buying an additional 34 shares during the last quarter. Finally, World Investment Advisors LLC boosted its holdings in shares of S&P Global by 2,599.9% in the 3rd quarter. World Investment Advisors LLC now owns 131,864 shares of the business services provider’s stock valued at $68,124,000 after buying an additional 126,980 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Up 0.6 %

SPGI stock opened at $516.77 on Monday. The stock has a market capitalization of $160.35 billion, a PE ratio of 45.61, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19. The company has a fifty day moving average of $509.48 and a 200-day moving average of $488.47. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter last year, the firm earned $3.21 earnings per share. The firm’s revenue was up 15.9% compared to the same quarter last year. As a group, analysts expect that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio is presently 32.13%.

Analyst Upgrades and Downgrades

SPGI has been the topic of several research analyst reports. Barclays lifted their price target on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Morgan Stanley upped their target price on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. UBS Group boosted their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Evercore ISI assumed coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $571.31.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.