Nissay Asset Management Corp Japan ADV Has $18.83 Million Holdings in S&P Global Inc (SPGI)

Share on StockTwits

Nissay Asset Management Corp Japan ADV raised its position in S&P Global Inc (NYSE:SPGI) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,373 shares of the business services provider’s stock after purchasing an additional 744 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in S&P Global were worth $18,830,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. FMR LLC boosted its holdings in S&P Global by 6.4% during the second quarter. FMR LLC now owns 10,698,339 shares of the business services provider’s stock worth $2,181,285,000 after buying an additional 642,229 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in S&P Global by 2,342.0% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 605,482 shares of the business services provider’s stock worth $3,804,000 after purchasing an additional 580,687 shares during the period. Renaissance Technologies LLC boosted its stake in shares of S&P Global by 29.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,677,100 shares of the business services provider’s stock valued at $341,944,000 after buying an additional 382,000 shares during the period. Marshall Wace LLP boosted its stake in shares of S&P Global by 3,985.1% during the 2nd quarter. Marshall Wace LLP now owns 389,800 shares of the business services provider’s stock valued at $79,476,000 after buying an additional 380,258 shares during the period. Finally, Fred Alger Management Inc. boosted its stake in shares of S&P Global by 35.7% during the 2nd quarter. Fred Alger Management Inc. now owns 1,378,339 shares of the business services provider’s stock valued at $281,030,000 after buying an additional 362,556 shares during the period. Institutional investors own 84.00% of the company’s stock.

SPGI has been the subject of a number of research reports. Morgan Stanley lifted their target price on shares of S&P Global from $214.00 to $217.00 and gave the company a “$214.26” rating in a research note on Wednesday, July 18th. Zacks Investment Research raised shares of S&P Global from a “sell” rating to a “hold” rating in a research note on Friday, October 5th. ValuEngine downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Stifel Nicolaus raised their price target on shares of S&P Global from $186.00 to $214.00 and gave the company a “hold” rating in a report on Friday, July 27th. Finally, Wells Fargo & Co cut their price target on shares of S&P Global from $205.00 to $180.00 and set a “market perform” rating on the stock in a report on Friday. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $206.69.

In related news, CEO Douglas L. Peterson sold 4,000 shares of S&P Global stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $201.27, for a total value of $805,080.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Nancy Luquette sold 350 shares of S&P Global stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $203.35, for a total transaction of $71,172.50. Following the completion of the transaction, the senior vice president now owns 531 shares in the company, valued at approximately $107,978.85. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Shares of S&P Global stock traded up $2.53 during midday trading on Tuesday, reaching $174.78. 96,103 shares of the company’s stock traded hands, compared to its average volume of 1,755,707. The company has a market capitalization of $43.11 billion, a P/E ratio of 25.46, a P/E/G ratio of 1.40 and a beta of 1.20. The company has a current ratio of 1.44, a quick ratio of 1.27 and a debt-to-equity ratio of 3.82. S&P Global Inc has a 52 week low of $153.25 and a 52 week high of $217.31.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 25th. The business services provider reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.10. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.58 billion. S&P Global had a net margin of 27.10% and a return on equity of 340.41%. On average, equities research analysts predict that S&P Global Inc will post 8.52 earnings per share for the current year.

S&P Global Company Profile

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

See Also: Intrinsic Value and Stock Selection

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc (NYSE:SPGI).

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

Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply