Everence Capital Management Inc. Has $5.80 Million Stake in S&P Global Inc. (NYSE:SPGI)

Everence Capital Management Inc. boosted its position in S&P Global Inc. (NYSE:SPGI) by 12.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,164 shares of the business services provider’s stock after acquiring an additional 1,490 shares during the quarter. Everence Capital Management Inc.’s holdings in S&P Global were worth $5,799,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wellington Management Group LLP grew its stake in shares of S&P Global by 13.2% in the third quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock worth $2,769,787,000 after purchasing an additional 881,215 shares during the last quarter. Morgan Stanley lifted its holdings in S&P Global by 8.2% in the third quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock valued at $2,067,807,000 after buying an additional 428,737 shares during the period. Northern Trust Corp lifted its holdings in S&P Global by 39.5% in the first quarter. Northern Trust Corp now owns 3,727,874 shares of the business services provider’s stock valued at $1,529,100,000 after buying an additional 1,056,097 shares during the period. Norges Bank acquired a new position in S&P Global in the fourth quarter valued at $1,112,935,000. Finally, Nuveen Asset Management LLC lifted its holdings in S&P Global by 22.7% in the second quarter. Nuveen Asset Management LLC now owns 2,881,232 shares of the business services provider’s stock valued at $1,155,057,000 after buying an additional 533,417 shares during the period. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SPGI. Oppenheimer restated an “outperform” rating and issued a $480.00 target price on shares of S&P Global in a report on Tuesday, April 2nd. Raymond James upped their price objective on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a report on Friday, February 9th. Barclays upped their price objective on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $464.22.

S&P Global Stock Down 0.2 %

SPGI stock traded down $1.00 during trading on Tuesday, reaching $408.56. The stock had a trading volume of 1,049,991 shares, compared to its average volume of 1,313,669. S&P Global Inc. has a one year low of $338.92 and a one year high of $461.16. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. The company’s 50 day moving average is $427.55 and its two-hundred day moving average is $414.99. The company has a market capitalization of $130.85 billion, a price-to-earnings ratio of 49.76, a P/E/G ratio of 2.36 and a beta of 1.15.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the company posted $2.54 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts forecast that S&P Global Inc. will post 14.02 EPS for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were given a dividend of $0.91 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.90. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Monday, February 26th. S&P Global’s dividend payout ratio is currently 44.23%.

Insider Activity

In other news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the transaction, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.