Y Intercept Hong Kong Ltd Invests $771,000 in S&P Global Inc. (NYSE:SPGI)

Key Points

• Y Intercept Hong Kong Ltd has invested $771,000 in S&P Global Inc. by purchasing 1,518 shares during the 1st quarter, indicating a growing interest among institutional investors in the company's stock.
• S&P Global reported earnings of $4.37 per share, exceeding analysts' estimates of $4.23, with a revenue of $3.78 billion for the quarter, marking an 8.2% year-over-year increase.
• The company has announced a quarterly dividend of $0.96 per share, representing a 0.72% dividend yield, with a payout ratio of 30.16% as per its latest financial disclosures.

Y Intercept Hong Kong Ltd purchased a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,518 shares of the business services provider's stock, valued at approximately $771,000.

A number of other institutional investors and hedge funds also recently modified their holdings of SPGI. GAMMA Investing LLC increased its stake in shares of S&P Global by 60,982.3% in the 1st quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock valued at $1,086,877,000 after acquiring an additional 2,135,599 shares during the last quarter. Northern Trust Corp increased its stake in S&P Global by 19.1% during the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after purchasing an additional 525,347 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in S&P Global during the 4th quarter worth approximately $238,503,000. BlueSpruce Investments LP bought a new stake in S&P Global during the 4th quarter worth approximately $178,858,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in S&P Global by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock worth $1,529,653,000 after purchasing an additional 357,790 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Insider Buying and Selling at S&P Global

In other news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction 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 completion of the sale, the executive vice president owned 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company's stock.

S&P Global Stock Performance

Shares of SPGI traded up $2.07 during trading hours on Tuesday, hitting $532.48. The company had a trading volume of 347,826 shares, compared to its average volume of 1,275,631. The firm has a market cap of $163.31 billion, a price-to-earnings ratio of 41.81, a PEG ratio of 2.58 and a beta of 1.19. The business has a fifty day moving average of $518.61 and a 200-day moving average of $507.86. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $545.39. 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 (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, beating the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion for 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 company's revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $4.01 earnings per share. Equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders 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 dividend yield of 0.72%. The ex-dividend date is Tuesday, August 26th. S&P Global's dividend payout ratio is currently 30.16%.

Analysts Set New Price Targets

A number of research firms recently issued reports on SPGI. Argus raised S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Stifel Nicolaus lowered their target price on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Bank of America began coverage on S&P Global in a research note on Thursday, April 10th. They set a "buy" rating and a $600.00 target price for the company. UBS Group raised their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, Wells Fargo & Company raised their price target on shares of S&P Global from $627.00 to $632.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. 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 MarketBeat.com, S&P Global currently has a consensus rating of "Moderate Buy" and an average price target of $601.07.

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.