S&P Global Inc. (NYSE:SPGI) Stock Holdings Boosted by Bessemer Group Inc.

Bessemer Group Inc. grew its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 41.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 589,329 shares of the business services provider's stock after purchasing an additional 172,524 shares during the period. Bessemer Group Inc. owned approximately 0.19% of S&P Global worth $299,439,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Wealthfront Advisers LLC increased its holdings in S&P Global by 19.1% in the fourth quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock valued at $18,799,000 after buying an additional 6,051 shares during the last quarter. Graham Capital Management L.P. purchased a new position in shares of S&P Global in the 4th quarter valued at about $14,040,000. Freestone Capital Holdings LLC increased its holdings in shares of S&P Global by 0.4% in the 4th quarter. Freestone Capital Holdings LLC now owns 11,499 shares of the business services provider's stock valued at $5,727,000 after acquiring an additional 49 shares during the last quarter. Asahi Life Asset Management CO. LTD. raised its position in shares of S&P Global by 85.9% during the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 1,288 shares of the business services provider's stock worth $641,000 after acquiring an additional 595 shares in the last quarter. Finally, Coalescence Partners Investment Management LP lifted its stake in S&P Global by 62.7% during the fourth quarter. Coalescence Partners Investment Management LP now owns 30,089 shares of the business services provider's stock worth $14,985,000 after purchasing an additional 11,599 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Down 1.0%

Shares of NYSE SPGI traded down $5.41 during trading on Thursday, reaching $515.88. 1,301,005 shares of the stock were exchanged, compared to its average volume of 1,233,332. The company has a market capitalization of $158.22 billion, a price-to-earnings ratio of 32.44, a price-to-earnings-growth ratio of 2.54 and a beta of 1.20. The business's 50-day moving average price is $504.21 and its 200 day moving average price is $503.51. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last issued 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. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The business's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.01 earnings per share. As a group, equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio is presently 30.16%.

Insider Transactions at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the transaction, the executive vice president now owns 5,131 shares of the company's stock, valued at $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Mizuho began coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price for the company. UBS Group upped their price objective on shares of S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research note 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. JPMorgan Chase & Co. reduced their target price on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Argus raised shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $592.71.

About S&P Global

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.