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

Nan Shan Life Insurance Co. Ltd. lifted its stake in S&P Global Inc. (NYSE:SPGI) by 1,663.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 99,558 shares of the business services provider’s stock after purchasing an additional 93,913 shares during the period. S&P Global accounts for 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 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Wealthfront Advisers LLC boosted its stake in shares of S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider’s stock worth $18,799,000 after acquiring an additional 6,051 shares during the last quarter. Graham Capital Management L.P. bought a new stake in S&P Global during the fourth quarter valued at about $14,040,000. Synergy Asset Management LLC increased its position in S&P Global by 110.8% in the fourth quarter. Synergy Asset Management LLC now owns 23,868 shares of the business services provider’s stock worth $12,066,000 after buying an additional 12,547 shares in the last quarter. James Hambro & Partners LLP raised its stake in shares of S&P Global by 0.9% in the fourth quarter. James Hambro & Partners LLP now owns 217,029 shares of the business services provider’s stock worth $108,173,000 after buying an additional 1,899 shares during the period. Finally, Freestone Capital Holdings LLC lifted its position in shares of S&P Global by 0.4% during the 4th quarter. Freestone Capital Holdings LLC now owns 11,499 shares of the business services provider’s stock valued at $5,727,000 after buying an additional 49 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of SPGI stock opened at $515.88 on Wednesday. The company’s 50 day moving average is $486.18 and its 200 day moving average is $501.89. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a market cap of $158.22 billion, a price-to-earnings ratio of 41.77, a PEG ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a 52-week low of $419.49 and a 52-week high of $545.39.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.23 by $0.14. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the firm posted $4.01 earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Wednesday, May 28th. S&P Global’s dividend payout ratio (DPR) is currently 30.16%.

Analysts Set New Price Targets

A number of research firms have commented on SPGI. Robert W. Baird decreased their target price on shares of 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. Morgan Stanley lifted their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Mizuho assumed coverage on S&P Global in a research note on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price target for the company. Evercore ISI upped their price objective on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company lifted their target price on S&P Global from $607.00 to $627.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $592.71.

Insider Buying and Selling at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president now owns 5,131 shares in the company, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

About S&P Global

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.