Nicholson Wealth Management Group LLC Invests $737,000 in S&P Global Inc. (NYSE:SPGI)

Nicholson Wealth Management Group LLC acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,427 shares of the business services provider’s stock, valued at approximately $737,000.

Other institutional investors have also made changes to their positions in the company. Swedbank AB acquired a new stake in shares of S&P Global in the first quarter valued at about $351,774,000. International Assets Investment Management LLC boosted its stake in S&P Global by 174,815.4% during the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after purchasing an additional 466,757 shares during the period. Assenagon Asset Management S.A. grew its holdings in S&P Global by 352.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock valued at $206,669,000 after buying an additional 360,909 shares during the last quarter. Third Point LLC bought a new position in S&P Global in the 1st quarter worth approximately $142,526,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of S&P Global by 13.5% during the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock worth $1,115,697,000 after buying an additional 298,645 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Performance

S&P Global stock opened at $493.10 on Friday. The firm has a market capitalization of $154.29 billion, a P/E ratio of 55.28, a P/E/G ratio of 2.91 and a beta of 1.18. The stock has a fifty day moving average price of $513.82 and a two-hundred day moving average price of $470.01. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.37. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the firm posted $3.12 EPS. As a group, analysts anticipate that S&P Global Inc. will post 14.61 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared 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. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.74%. S&P Global’s dividend payout ratio is 40.81%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. UBS Group boosted their target price on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Wells Fargo & Company raised their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Barclays upped their price objective on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Evercore ISI assumed coverage on 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. Finally, Bank of America boosted their price target on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $565.17.

Insider Buying and Selling at S&P Global

In other news, CEO Douglas L. Peterson sold 7,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total value of $3,385,200.00. Following the completion of the sale, the chief executive officer now directly owns 154,912 shares in the company, valued at approximately $74,915,443.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Steven J. Kemps sold 2,700 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $1,327,185.00. Following the transaction, the executive vice president now owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas L. Peterson sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the sale, the chief executive officer now directly owns 154,912 shares of the company’s stock, valued at approximately $74,915,443.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is currently owned by insiders.

S&P Global Company Profile

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.