Sompo Japan Nipponkoa Asset Management CO. LTD. Increases Stock Position in S&P Global Inc (NYSE:SPGI)

Sompo Japan Nipponkoa Asset Management CO. LTD. boosted its stake in S&P Global Inc (NYSE:SPGI) by 88.7% in the first quarter, Holdings Channel.com reports. The fund owned 5,320 shares of the business services provider’s stock after buying an additional 2,500 shares during the quarter. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in S&P Global were worth $1,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in SPGI. Liberty Wealth Management LLC purchased a new stake in S&P Global in the first quarter valued at $29,000. Virtus ETF Advisers LLC acquired a new position in S&P Global in the fourth quarter valued at $32,000. FinTrust Capital Advisors LLC acquired a new position in S&P Global in the fourth quarter valued at $33,000. Sandy Spring Bank increased its stake in S&P Global by 101.6% in the fourth quarter. Sandy Spring Bank now owns 125 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 63 shares during the period. Finally, Ameritas Investment Company LLC increased its stake in S&P Global by 1,437.5% in the fourth quarter. Ameritas Investment Company LLC now owns 123 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 115 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

SPGI traded up $1.10 on Friday, hitting $311.86. 621,180 shares of the company were exchanged, compared to its average volume of 1,322,260. The company has a debt-to-equity ratio of 8.52, a quick ratio of 1.24 and a current ratio of 1.24. The business’s fifty day moving average is $282.87 and its 200 day moving average is $274.67. S&P Global Inc has a fifty-two week low of $186.05 and a fifty-two week high of $317.29. The firm has a market capitalization of $74.87 billion, a P/E ratio of 32.62, a price-to-earnings-growth ratio of 3.09 and a beta of 1.04.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, April 28th. The business services provider reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.37. S&P Global had a net margin of 34.02% and a return on equity of 758.90%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the business posted $2.11 earnings per share. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. Analysts forecast that S&P Global Inc will post 10.06 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $2.68 annualized dividend and a yield of 0.86%. S&P Global’s payout ratio is currently 28.12%.

A number of research analysts have commented on the stock. Cantor Fitzgerald lifted their price objective on shares of S&P Global from $299.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Oppenheimer assumed coverage on shares of S&P Global in a research note on Monday, May 18th. They issued an “outperform” rating and a $340.00 price objective on the stock. BMO Capital Markets lifted their price objective on shares of S&P Global from $278.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. UBS Group lifted their price objective on shares of S&P Global from $275.00 to $332.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $262.00 price target on the stock in a research note on Friday, March 27th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. S&P Global presently has a consensus rating of “Buy” and an average price target of $293.62.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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

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