Janus Henderson Group PLC Grows Position in S&P Global Inc. (NYSE:SPGI)

Janus Henderson Group PLC raised its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 19.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 344,856 shares of the business services provider's stock after buying an additional 55,376 shares during the quarter. Janus Henderson Group PLC owned about 0.11% of S&P Global worth $171,936,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SPGI. Anderson Financial Strategies LLC purchased a new position in shares of S&P Global during the fourth quarter worth about $27,000. Human Investing LLC purchased a new position in shares of S&P Global during the fourth quarter worth about $30,000. Noble Wealth Management PBC purchased a new position in shares of S&P Global during the fourth quarter worth about $31,000. Hazlett Burt & Watson Inc. grew its holdings 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 worth $32,000 after purchasing an additional 38 shares in the last quarter. Finally, Sound Income Strategies LLC grew its holdings in shares of S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock worth $36,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Up 1.5%

SPGI traded up $7.93 during trading on Thursday, reaching $519.87. The stock had a trading volume of 1,207,577 shares, compared to its average volume of 1,222,453. The stock's 50 day moving average is $486.48 and its two-hundred day moving average is $501.96. 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 company has a market capitalization of $159.44 billion, a price-to-earnings ratio of 42.09, a P/E/G ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a one year low of $419.49 and a one year high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data 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 business 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 company earned $4.01 earnings per share. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. As a group, analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be paid a $0.96 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global's dividend payout ratio is currently 30.16%.

Insider Transactions at S&P Global

In related news, EVP Sally Moore sold 500 shares of the 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 sale, the executive vice president now directly owns 5,131 shares of the company's stock, valued at $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 SEC, which is available at the SEC website. Insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. UBS Group upped their target price on S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. BMO Capital Markets upped their target price on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. StockNews.com lowered S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Evercore ISI upped their target price on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, S&P Global has an average rating of "Moderate Buy" and a consensus 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.