Nemes Rush Group LLC Buys 1,502 Shares of S&P Global Inc. (NYSE:SPGI)

Nemes Rush Group LLC grew its holdings in S&P Global Inc. (NYSE:SPGI) by 10.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,923 shares of the business services provider’s stock after purchasing an additional 1,502 shares during the period. Nemes Rush Group LLC’s holdings in S&P Global were worth $7,930,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC grew its position in shares of S&P Global by 3.2% in the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock worth $471,000 after buying an additional 28 shares during the last quarter. Cobblestone Capital Advisors LLC NY acquired a new stake in S&P Global in the third quarter valued at approximately $228,000. FSA Wealth Management LLC acquired a new position in shares of S&P Global during the third quarter worth $54,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of S&P Global by 19.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,657 shares of the business services provider’s stock valued at $856,000 after purchasing an additional 267 shares during the last quarter. Finally, Bamco Inc. NY boosted its position in shares of S&P Global by 2.8% in the 3rd quarter. Bamco Inc. NY now owns 45,241 shares of the business services provider’s stock worth $23,372,000 after purchasing an additional 1,230 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Up 1.2 %

S&P Global stock opened at $508.48 on Tuesday. The business has a 50 day simple moving average of $515.34 and a 200-day simple moving average of $510.02. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The stock has a market capitalization of $159.58 billion, a PE ratio of 41.17, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. 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 (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter last year, the company posted $3.13 earnings per share. On average, analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 31.09%.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of recent analyst reports. Evercore ISI lifted their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Morgan Stanley increased their price target 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. Mizuho began coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Finally, Oppenheimer decreased their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and a consensus target price of $590.86.

S&P Global Profile

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.