Nicolet Bankshares Inc. Purchases 42 Shares of S&P Global Inc. (NYSE:SPGI)

Nicolet Bankshares Inc. grew its position in shares of S&P Global Inc. (NYSE:SPGI) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 495 shares of the business services provider’s stock after purchasing an additional 42 shares during the period. Nicolet Bankshares Inc.’s holdings in S&P Global were worth $247,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPGI. Parkside Financial Bank & Trust raised its position in shares of S&P Global by 2.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock valued at $515,000 after buying an additional 20 shares in the last quarter. Personal CFO Solutions LLC increased its stake in S&P Global by 3.1% during the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider’s stock worth $336,000 after acquiring an additional 20 shares during the last quarter. Anfield Capital Management LLC raised its position in S&P Global by 25.6% during the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 22 shares during the period. Invenio Wealth Partners LLC lifted its stake in shares of S&P Global by 4.0% in the 4th quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider’s stock valued at $286,000 after purchasing an additional 22 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its holdings in shares of S&P Global by 4.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider’s stock worth $265,000 after purchasing an additional 23 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on SPGI shares. Citigroup assumed coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. Morgan Stanley raised their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Bank of America started coverage on shares of S&P Global in a report on Thursday. They set a “buy” rating and a $600.00 price target on the stock. Mizuho began coverage on shares of S&P Global in a research note on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price objective for the company. Finally, StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $595.14.

S&P Global Stock Performance

SPGI stock opened at $465.14 on Friday. 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 business has a 50-day moving average price of $504.81 and a 200 day moving average price of $506.17. The company has a market capitalization of $145.98 billion, a P/E ratio of 37.66, a PEG ratio of 2.41 and a beta of 1.26.

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

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.83%. The ex-dividend date was Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is 31.09%.

About S&P Global

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.