Point72 Europe London LLP Purchases 7,700 Shares of S&P Global Inc. (NYSE:SPGI)

Point72 Europe London LLP boosted its position in S&P Global Inc. (NYSE:SPGI) by 55.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 21,700 shares of the business services provider’s stock after acquiring an additional 7,700 shares during the period. Point72 Europe London LLP’s holdings in S&P Global were worth $10,807,000 as of its most recent SEC filing.

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

S&P Global Stock Performance

Shares of SPGI opened at $512.09 on Thursday. The stock has a market capitalization of $157.06 billion, a PE ratio of 41.46, a PEG ratio of 2.41 and a beta of 1.23. The stock 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 quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a 1 year low of $419.49 and a 1 year high of $545.39.

S&P Global (NYSE:SPGI) last released 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 firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the business posted $4.01 EPS. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Wednesday, May 28th. S&P Global’s dividend payout ratio (DPR) is 30.16%.

Insider Transactions at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the company’s 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 $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

SPGI has been the topic of a number of recent analyst reports. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Wells Fargo & Company boosted their price objective 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. Morgan Stanley upped their price objective on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Stifel Nicolaus decreased their price target on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Finally, Evercore ISI upped their price target on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $592.71.

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.