Nan Shan Life Insurance Co. Ltd. Buys 93,913 Shares of S&P Global Inc. (NYSE:SPGI)

Nan Shan Life Insurance Co. Ltd. grew its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1,663.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,558 shares of the business services provider’s stock after buying an additional 93,913 shares during the quarter. S&P Global accounts for about 1.2% of Nan Shan Life Insurance Co. Ltd.’s holdings, making the stock its 25th biggest position. Nan Shan Life Insurance Co. Ltd.’s holdings in S&P Global were worth $49,583,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Fiduciary Alliance LLC bought a new position in shares of S&P Global during the fourth quarter valued at about $392,000. Brookstone Capital Management bought a new position in shares of S&P Global during the 4th quarter worth approximately $272,000. Capital Investment Advisors LLC purchased a new position in shares of S&P Global in the 4th quarter worth approximately $202,000. Traveka Wealth LLC increased its position in shares of S&P Global by 11.6% during the fourth quarter. Traveka Wealth LLC now owns 751 shares of the business services provider’s stock valued at $374,000 after acquiring an additional 78 shares during the last quarter. Finally, Cullen Investment Group LTD. lifted its holdings in S&P Global by 1.7% during the fourth quarter. Cullen Investment Group LTD. now owns 3,807 shares of the business services provider’s stock worth $1,896,000 after acquiring an additional 65 shares during the period. 87.17% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the transaction, the executive vice president now directly owns 5,131 shares of the company’s stock, valued at $2,619,016.33. This trade represents a 8.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI stock opened at $515.88 on Wednesday. The firm has a market capitalization of $158.22 billion, a price-to-earnings ratio of 41.77, a PEG ratio of 2.41 and a beta of 1.23. The stock has a fifty day moving average of $486.18 and a 200 day moving average of $501.89. S&P Global Inc. has a 52 week low of $419.49 and a 52 week high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.23 by $0.14. The firm had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $4.01 EPS. As a group, research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.96 per share. The ex-dividend date is Wednesday, May 28th. This represents a $3.84 annualized dividend and a yield of 0.74%. S&P Global’s payout ratio is 30.16%.

Analysts Set New Price Targets

A number of analysts recently issued reports on SPGI shares. Stifel Nicolaus decreased their price objective on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company raised their price target on shares of S&P Global from $607.00 to $627.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. Robert W. Baird dropped their price objective on S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price objective on S&P Global from $618.00 to $565.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Finally, UBS Group raised their target price on S&P Global from $555.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $592.71.

S&P Global Company 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.