Two Sigma Investments LP Sells 89,289 Shares of S&P Global Inc. (NYSE:SPGI)

Two Sigma Investments LP cut its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 89.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,718 shares of the business services provider's stock after selling 89,289 shares during the period. Two Sigma Investments LP's holdings in S&P Global were worth $5,338,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Minot DeBlois Advisors LLC acquired a new position in shares of S&P Global in the 4th quarter valued at $25,000. Anderson Financial Strategies LLC acquired a new position in shares of S&P Global in the fourth quarter worth about $27,000. Human Investing LLC acquired a new position in shares of S&P Global in the fourth quarter worth about $30,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global during the fourth quarter valued at approximately $31,000. Finally, Hazlett Burt & Watson Inc. lifted its position in shares of S&P Global by 131.0% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Insider Buying and Selling

In other news, EVP Sally Moore sold 500 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the sale, the executive vice president now directly owns 5,131 shares in the company, valued at approximately $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 accessible through the SEC website. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SPGI shares. Wells Fargo & Company lifted their price objective on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Wall Street Zen downgraded S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. BMO Capital Markets lifted their target price on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Stifel Nicolaus reduced their price target on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Finally, UBS Group boosted 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 report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of "Moderate Buy" and an average target price of $592.71.

S&P Global Stock Down 0.1%

S&P Global stock traded down $0.39 during mid-day trading on Friday, hitting $513.71. 933,475 shares of the company's stock were exchanged, compared to its average volume of 1,219,286. The stock has a 50 day moving average of $492.07 and a two-hundred day moving average of $503.86. S&P Global Inc. has a 1-year low of $419.49 and a 1-year high of $545.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a market cap of $157.56 billion, a P/E ratio of 41.60, a P/E/G ratio of 2.41 and a beta of 1.23.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. S&P Global's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $4.01 earnings per share. As a group, analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be given a dividend of $0.96 per share. The ex-dividend date is Wednesday, May 28th. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. S&P Global's dividend payout ratio is presently 30.16%.

S&P Global Company 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.