Point72 Europe London LLP Raises Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Point72 Europe London LLP grew its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 55.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,700 shares of the business services provider's stock after buying an additional 7,700 shares during the period. Point72 Europe London LLP's holdings in S&P Global were worth $10,807,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SPGI. Geode Capital Management LLC boosted its position in shares of S&P Global by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock valued at $3,273,264,000 after purchasing an additional 116,208 shares in the last quarter. Norges Bank bought a new stake in shares of S&P Global during the fourth quarter valued at approximately $1,725,084,000. Northern Trust Corp boosted its position in shares of S&P Global by 19.1% during the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock valued at $1,631,568,000 after purchasing an additional 525,347 shares in the last quarter. Amundi boosted its position in shares of S&P Global by 6.6% during the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider's stock valued at $1,162,979,000 after purchasing an additional 145,434 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of S&P Global by 11.4% during the fourth quarter. Nuveen Asset Management LLC now owns 2,184,312 shares of the business services provider's stock valued at $1,087,853,000 after purchasing an additional 224,294 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of NYSE:SPGI traded up $3.08 during midday trading on Friday, reaching $522.36. 1,022,211 shares of the company's stock traded hands, compared to its average volume of 1,221,863. The company has a market cap of $160.21 billion, a price-to-earnings ratio of 42.30, a P/E/G ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a one year low of $419.49 and a one year high of $545.39. The stock has a 50 day moving average of $487.94 and a 200 day moving average of $502.54.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The company's quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $4.01 earnings per share. As a group, equities research 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 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. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Wednesday, May 28th. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several research reports. Bank of America initiated coverage on S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 price target on the stock. Wells Fargo & Company increased their target price on S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Morgan Stanley lifted their price target on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Mizuho started coverage on shares of S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price target on the stock. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $592.71.

Insider Activity at S&P Global

In related news, EVP Sally Moore sold 500 shares of the company's 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 now owns 5,131 shares in the company, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

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.