Nicholson Wealth Management Group LLC Increases Stake in S&P Global Inc. (NYSE:SPGI)

Nicholson Wealth Management Group LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 106.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,948 shares of the business services provider’s stock after buying an additional 1,521 shares during the quarter. Nicholson Wealth Management Group LLC’s holdings in S&P Global were worth $1,468,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. First Personal Financial Services purchased a new position in S&P Global during the 3rd quarter worth approximately $29,000. Capital Performance Advisors LLP purchased a new position in S&P Global during the 3rd quarter worth approximately $31,000. Human Investing LLC purchased a new position in shares of S&P Global during the 4th quarter valued at approximately $30,000. Voisard Asset Management Group Inc. increased its holdings in shares of S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 27 shares in the last quarter. Finally, Dunhill Financial LLC increased its holdings in shares of S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 34 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

S&P Global stock opened at $536.21 on Friday. The company’s fifty day moving average price is $509.53 and its 200 day moving average price is $508.60. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The stock has a market capitalization of $165.05 billion, a P/E ratio of 43.42, a P/E/G ratio of 2.44 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter in the previous year, the firm posted $3.13 EPS. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is 29.47%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Oppenheimer cut 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 report on Friday, January 3rd. Citigroup assumed coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. JPMorgan Chase & Co. cut their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday. Finally, BMO Capital Markets lifted their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $590.23.

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.