Nordea Investment Management AB boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 7.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 413,999 shares of the business services provider’s stock after acquiring an additional 30,376 shares during the quarter. Nordea Investment Management AB owned about 0.16% of S&P Global worth $64,712,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. TD Asset Management Inc. grew its stake in shares of S&P Global by 9.4% during the third quarter. TD Asset Management Inc. now owns 121,300 shares of the business services provider’s stock valued at $18,960,000 after buying an additional 10,405 shares during the last quarter. Robecosam AG grew its stake in shares of S&P Global by 24.2% during the third quarter. Robecosam AG now owns 3,106 shares of the business services provider’s stock valued at $483,000 after buying an additional 606 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of S&P Global by 467.4% during the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,610 shares of the business services provider’s stock valued at $408,000 after buying an additional 2,150 shares during the last quarter. Norinchukin Bank The grew its stake in shares of S&P Global by 12.4% during the third quarter. Norinchukin Bank The now owns 11,438 shares of the business services provider’s stock valued at $1,788,000 after buying an additional 1,258 shares during the last quarter. Finally, ING Groep NV grew its stake in shares of S&P Global by 29.2% during the third quarter. ING Groep NV now owns 39,835 shares of the business services provider’s stock valued at $6,227,000 after buying an additional 9,013 shares during the last quarter. 85.77% of the stock is currently owned by institutional investors.

Shares of S&P Global Inc. (SPGI) traded up $0.92 during midday trading on Monday, hitting $164.14. The company had a trading volume of 253,700 shares, compared to its average volume of 1,114,798. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 4.00. The stock has a market capitalization of $41,860.00, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 1.98 and a beta of 1.51. S&P Global Inc. has a 12-month low of $107.21 and a 12-month high of $166.17.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.19. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.45 billion. S&P Global had a return on equity of 187.30% and a net margin of 30.15%. S&P Global’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 earnings per share. equities research analysts anticipate that S&P Global Inc. will post 6.64 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 28th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Monday, November 27th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.00%. S&P Global’s payout ratio is 24.08%.

A number of research analysts have recently commented on the company. Cantor Fitzgerald reaffirmed a “buy” rating and set a $177.00 target price on shares of S&P Global in a research note on Thursday, October 26th. BMO Capital Markets cut S&P Global from an “outperform” rating to a “market perform” rating and set a $166.00 target price on the stock. in a research note on Friday, October 27th. Wells Fargo & Company upped their target price on S&P Global from $159.00 to $165.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Barclays PLC upped their target price on S&P Global from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. Finally, UBS AG upped their target price on S&P Global from $173.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $168.27.

In other S&P Global news, EVP Courtney Geduldig sold 1,404 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $159.38, for a total transaction of $223,769.52. Following the completion of the sale, the executive vice president now owns 1,259 shares in the company, valued at $200,659.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Douglas L. Peterson sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $157.79, for a total value of $631,160.00. Following the sale, the chief executive officer now owns 140,743 shares of the company’s stock, valued at approximately $22,207,837.97. The disclosure for this sale can be found here. Insiders sold 7,000 shares of company stock valued at $1,104,704 in the last quarter. 0.20% of the stock is owned by company insiders.

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About S&P Global

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

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

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