Point72 Europe London LLP Boosts Stake in S&P Global Inc. (NYSE:SPGI)

Point72 Europe London LLP boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 55.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 21,700 shares of the business services provider’s stock after purchasing an additional 7,700 shares during the period. Point72 Europe London LLP’s holdings in S&P Global were worth $10,807,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Parkside Financial Bank & Trust increased its stake in S&P Global by 2.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock worth $515,000 after buying an additional 20 shares in the last quarter. Personal CFO Solutions LLC boosted its holdings in S&P Global by 3.1% during the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider’s stock valued at $336,000 after acquiring an additional 20 shares during the period. Anfield Capital Management LLC increased its position in shares of S&P Global by 25.6% during the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider’s stock worth $54,000 after acquiring an additional 22 shares during the period. Invenio Wealth Partners LLC lifted its stake in S&P Global by 4.0% in the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider’s stock worth $286,000 after acquiring an additional 22 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in shares of S&P Global by 4.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider’s stock valued at $265,000 after acquiring an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Robert W. Baird decreased their target price on shares of S&P Global from $616.00 to $589.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Evercore ISI raised their price target on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. UBS Group raised their target price on shares of S&P Global from $555.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Wells Fargo & Company raised their price objective on S&P Global from $607.00 to $627.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Finally, Morgan Stanley increased their price objective on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $592.71.

Insiders Place Their Bets

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

S&P Global Trading Down 0.7%

SPGI opened at $512.09 on Thursday. S&P Global Inc. has a fifty-two week low of $419.49 and a fifty-two week high of $545.39. The firm has a 50 day simple moving average of $486.48 and a 200 day simple moving average of $501.96. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $157.06 billion, a price-to-earnings ratio of 41.46, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23.

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

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Wednesday, May 28th. S&P Global’s dividend payout ratio (DPR) is presently 30.16%.

S&P Global 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.