Renaissance Technologies LLC lifted its position in shares of S&P Global Inc (NYSE:SPGI) by 67.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,099,900 shares of the business services provider’s stock after buying an additional 442,000 shares during the period. Renaissance Technologies LLC owned approximately 0.43% of S&P Global worth $186,323,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in SPGI. American Century Companies Inc. increased its holdings in shares of S&P Global by 109.6% during the 3rd quarter. American Century Companies Inc. now owns 1,182,826 shares of the business services provider’s stock worth $184,888,000 after buying an additional 618,411 shares during the last quarter. Atlantic Trust Group LLC increased its holdings in S&P Global by 2,825.8% in the 3rd quarter. Atlantic Trust Group LLC now owns 528,026 shares of the business services provider’s stock valued at $82,536,000 after purchasing an additional 509,979 shares in the last quarter. BlackRock Inc. increased its holdings in S&P Global by 2.3% in the 4th quarter. BlackRock Inc. now owns 18,078,515 shares of the business services provider’s stock valued at $3,062,502,000 after purchasing an additional 401,826 shares in the last quarter. Bank of Montreal Can increased its holdings in S&P Global by 48.2% in the 4th quarter. Bank of Montreal Can now owns 1,226,184 shares of the business services provider’s stock valued at $207,715,000 after purchasing an additional 398,623 shares in the last quarter. Finally, Milestone Resources Group Ltd acquired a new stake in S&P Global in the 4th quarter valued at $66,273,000. Institutional investors and hedge funds own 85.65% of the company’s stock.
S&P Global Inc (NYSE:SPGI) traded down $3.51 during trading hours on Wednesday, reaching $192.38. 956,368 shares of the company’s stock were exchanged, compared to its average volume of 1,730,000. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 4.13. The stock has a market cap of $48,850.00, a PE ratio of 30.30, a P/E/G ratio of 1.59 and a beta of 1.41. S&P Global Inc has a one year low of $127.28 and a one year high of $197.76.
S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 6th. The business services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.22. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.50 billion. S&P Global had a net margin of 24.69% and a return on equity of 199.44%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.28 EPS. analysts predict that S&P Global Inc will post 8.52 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Monday, February 26th were given a $0.50 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.41. This represents a $2.00 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Friday, February 23rd. S&P Global’s dividend payout ratio is presently 31.50%.
In other news, SVP Nancy Luquette sold 890 shares of the stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $188.53, for a total transaction of $167,791.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John L. Berisford sold 15,902 shares of the stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $192.19, for a total transaction of $3,056,205.38. Following the transaction, the insider now directly owns 25,455 shares in the company, valued at approximately $4,892,196.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,792 shares of company stock valued at $3,973,197. 0.20% of the stock is currently owned by corporate insiders.
SPGI has been the subject of several recent research reports. Barclays reiterated an “overweight” rating and issued a $190.00 price target (up from $185.00) on shares of S&P Global in a report on Friday, December 15th. Zacks Investment Research downgraded S&P Global from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Stifel Nicolaus initiated coverage on S&P Global in a report on Tuesday, December 19th. They issued a “hold” rating and a $186.00 price target for the company. Piper Jaffray Companies increased their price target on S&P Global from $150.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, January 10th. Finally, Nomura initiated coverage on S&P Global in a report on Thursday, January 11th. They issued a “neutral” rating and a $160.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. S&P Global currently has a consensus rating of “Buy” and a consensus price target of $190.36.
About S&P Global
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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