Nicolet Bankshares Inc. Purchases 42 Shares of S&P Global Inc. (NYSE:SPGI)

Nicolet Bankshares Inc. increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 495 shares of the business services provider’s stock after acquiring an additional 42 shares during the quarter. Nicolet Bankshares Inc.’s holdings in S&P Global were worth $247,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SPGI. Human Investing LLC acquired a new stake in S&P Global in the fourth quarter worth about $30,000. Noble Wealth Management PBC acquired a new stake in S&P Global in the 4th quarter worth approximately $31,000. Hazlett Burt & Watson Inc. boosted its stake in S&P Global by 131.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after purchasing an additional 38 shares in the last quarter. Sound Income Strategies LLC grew its position in S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after purchasing an additional 63 shares during the last quarter. Finally, BankPlus Trust Department acquired a new position in S&P Global during the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SPGI shares. Wells Fargo & Company boosted their price objective on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Bank of America began coverage on S&P Global in a research note on Thursday. They set a “buy” rating and a $600.00 price target on the stock. UBS Group raised their price objective on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Citigroup assumed coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Finally, Morgan Stanley increased their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $595.14.

S&P Global Stock Up 1.6 %

SPGI stock opened at $465.14 on Friday. The firm’s fifty day moving average is $504.81 and its 200 day moving average is $506.17. The firm has a market cap of $145.98 billion, a PE ratio of 37.66, a P/E/G ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. 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 posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the previous year, the firm posted $3.13 EPS. On average, research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.83%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. S&P Global’s dividend payout ratio is presently 31.09%.

S&P Global Company 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.