Point72 Asia Singapore Pte. Ltd. Has $856,000 Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Point72 Asia Singapore Pte. Ltd. raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 19.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,657 shares of the business services provider’s stock after purchasing an additional 267 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in S&P Global were worth $856,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. International Assets Investment Management LLC grew its holdings in S&P Global by 174,815.4% during the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after purchasing an additional 466,757 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in S&P Global during the third quarter valued at approximately $224,976,000. FMR LLC grew its holdings in S&P Global by 6.6% during the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after purchasing an additional 369,598 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of S&P Global by 352.2% in the second quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock valued at $206,669,000 after acquiring an additional 360,909 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of S&P Global by 13.5% in the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after acquiring an additional 298,645 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus increased their price objective on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Morgan Stanley increased their price objective on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Evercore ISI assumed coverage on S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective for the company. Finally, Wells Fargo & Company increased their price objective on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Stock Down 0.1 %

Shares of NYSE SPGI opened at $522.51 on Monday. The stock has a market cap of $162.13 billion, a PE ratio of 46.12, a PEG ratio of 2.67 and a beta of 1.18. The business has a fifty day moving average of $509.21 and a two-hundred day moving average of $485.71. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same period last year, the company posted $3.21 earnings per share. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts expect that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.70%. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

About S&P Global

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.