Northwestern Mutual Wealth Management Co. Acquires 28,101 Shares of S&P Global Inc (NYSE:SPGI)

Northwestern Mutual Wealth Management Co. raised its holdings in shares of S&P Global Inc (NYSE:SPGI) by 896.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,235 shares of the business services provider’s stock after acquiring an additional 28,101 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in S&P Global were worth $7,653,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SPGI. Liberty Wealth Management LLC bought a new position in shares of S&P Global during the 1st quarter worth approximately $29,000. Virtus ETF Advisers LLC acquired a new stake in shares of S&P Global in the 4th quarter valued at approximately $32,000. FinTrust Capital Advisors LLC acquired a new stake in shares of S&P Global in the 4th quarter valued at approximately $33,000. Sandy Spring Bank boosted its holdings in shares of S&P Global by 101.6% in the 4th quarter. Sandy Spring Bank now owns 125 shares of the business services provider’s stock valued at $34,000 after buying an additional 63 shares during the last quarter. Finally, Ameritas Investment Company LLC boosted its holdings in shares of S&P Global by 1,437.5% in the 4th quarter. Ameritas Investment Company LLC now owns 123 shares of the business services provider’s stock valued at $34,000 after buying an additional 115 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

SPGI opened at $311.86 on Friday. S&P Global Inc has a fifty-two week low of $186.05 and a fifty-two week high of $317.29. The company has a debt-to-equity ratio of 8.52, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $74.87 billion, a P/E ratio of 32.62, a P/E/G ratio of 3.09 and a beta of 1.04. The stock has a fifty day moving average of $282.87 and a 200-day moving average of $274.67.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, April 28th. The business services provider reported $2.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.36 by $0.37. S&P Global had a return on equity of 758.90% and a net margin of 34.02%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the firm earned $2.11 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. On average, equities research analysts predict that S&P Global Inc will post 10.06 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Tuesday, May 26th. S&P Global’s dividend payout ratio is currently 28.12%.

Several research firms have recently commented on SPGI. Cantor Fitzgerald increased their price objective on S&P Global from $299.00 to $325.00 and gave the company an “overweight” rating in a report on Friday, February 7th. UBS Group increased their price objective on S&P Global from $275.00 to $332.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Stifel Nicolaus cut their price objective on S&P Global from $322.00 to $280.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Zacks Investment Research raised S&P Global from a “hold” rating to a “buy” rating and set a $262.00 price target for the company in a report on Friday, March 27th. Finally, ValuEngine raised S&P Global from a “sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $293.62.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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

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