S&P Global Inc. (NYSE:SPGI) Shares Purchased by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC increased its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 267.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,492 shares of the business services provider's stock after acquiring an additional 74,611 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in S&P Global were worth $51,044,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Minot DeBlois Advisors LLC acquired a new position in shares of S&P Global during the fourth quarter valued at approximately $25,000. Anderson Financial Strategies LLC acquired a new position in shares of S&P Global during the fourth quarter valued at approximately $27,000. Human Investing LLC acquired a new position in shares of S&P Global during the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC acquired a new position in shares of S&P Global during the fourth quarter valued at approximately $31,000. Finally, Hazlett Burt & Watson Inc. increased its stake in shares of S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of research reports. 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 report on Wednesday, April 30th. Evercore ISI raised their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Bank of America initiated coverage on shares of S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 target price for the company. Mizuho initiated coverage on shares of S&P Global in a report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price for the company. Finally, JPMorgan Chase & Co. reduced their target price on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $592.71.

S&P Global Stock Up 0.3%

SPGI stock opened at $523.89 on Tuesday. S&P Global Inc. has a 12-month low of $419.49 and a 12-month high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The company has a market cap of $160.68 billion, a price-to-earnings ratio of 42.42, a PEG ratio of 2.41 and a beta of 1.23. The company has a 50 day moving average of $488.84 and a two-hundred day moving average of $502.98.

S&P Global (NYSE:SPGI - Get Free Report) last released its 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 net margin of 27.12% and a return on equity of 14.33%. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the firm earned $4.01 EPS. The company's revenue was up 8.2% compared to the same quarter last year. On average, equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be given a $0.96 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a yield of 0.73%. S&P Global's payout ratio is 30.16%.

Insiders Place Their Bets

In other news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company's stock.

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.

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