Point72 Hong Kong Ltd Purchases 2,463 Shares of S&P Global Inc (NYSE:SPGI)

Point72 Hong Kong Ltd increased its position in shares of S&P Global Inc (NYSE:SPGI) by 291.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,307 shares of the business services provider’s stock after purchasing an additional 2,463 shares during the quarter. Point72 Hong Kong Ltd’s holdings in S&P Global were worth $753,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. San Francisco Sentry Investment Group CA raised its stake in S&P Global by 2.1% during the second quarter. San Francisco Sentry Investment Group CA now owns 2,161 shares of the business services provider’s stock worth $492,000 after acquiring an additional 45 shares in the last quarter. Pearl River Capital LLC raised its stake in S&P Global by 8.9% during the second quarter. Pearl River Capital LLC now owns 549 shares of the business services provider’s stock worth $125,000 after acquiring an additional 45 shares in the last quarter. Psagot Investment House Ltd. raised its stake in S&P Global by 0.4% during the second quarter. Psagot Investment House Ltd. now owns 12,573 shares of the business services provider’s stock worth $2,864,000 after acquiring an additional 53 shares in the last quarter. ETF Managers Group LLC raised its stake in S&P Global by 7.9% during the first quarter. ETF Managers Group LLC now owns 753 shares of the business services provider’s stock worth $159,000 after acquiring an additional 55 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in S&P Global by 0.7% during the first quarter. Private Advisor Group LLC now owns 8,106 shares of the business services provider’s stock worth $1,706,000 after acquiring an additional 58 shares in the last quarter. 81.92% of the stock is owned by institutional investors and hedge funds.

Several brokerages have commented on SPGI. Morgan Stanley boosted their target price on S&P Global from $254.00 to $262.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Atlantic Securities downgraded S&P Global from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $220.00 to $260.00 in a research note on Tuesday, August 6th. Argus boosted their target price on S&P Global to $290.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Cantor Fitzgerald boosted their target price on S&P Global from $244.00 to $294.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Stifel Nicolaus boosted their target price on S&P Global from $231.00 to $274.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $252.23.

Shares of S&P Global stock traded down $3.95 on Friday, hitting $252.78. The stock had a trading volume of 1,323,745 shares, compared to its average volume of 1,230,093. The stock has a 50 day moving average of $256.62 and a 200 day moving average of $229.07. S&P Global Inc has a twelve month low of $156.68 and a twelve month high of $269.57. The company has a debt-to-equity ratio of 7.52, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $62.73 billion, a P/E ratio of 29.74, a PEG ratio of 2.76 and a beta of 1.07.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $2.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.15. S&P Global had a return on equity of 341.54% and a net margin of 31.02%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the firm posted $2.17 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. Equities analysts expect that S&P Global Inc will post 9.21 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Monday, August 26th. S&P Global’s dividend payout ratio is currently 26.82%.

In other S&P Global news, insider Nicholas Cafferillo sold 9,911 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $252.95, for a total transaction of $2,506,987.45. Following the completion of the sale, the insider now owns 7,454 shares of the company’s stock, valued at approximately $1,885,489.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Alexander Matturri, Jr. sold 1,007 shares of the stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $230.44, for a total transaction of $232,053.08. Following the sale, the chief executive officer now directly owns 18,723 shares of the company’s stock, valued at approximately $4,314,528.12. The disclosure for this sale can be found here. Insiders sold 23,425 shares of company stock valued at $5,898,602 in the last ninety days. 0.20% of the stock is currently owned by insiders.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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