Renaissance Technologies LLC lifted its position in shares of S&P Global Inc (NYSE:SPGI) by 67.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,099,900 shares of the business services provider’s stock after purchasing an additional 442,000 shares during the period. Renaissance Technologies LLC owned about 0.43% of S&P Global worth $186,323,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of SPGI. Victory Capital Management Inc. increased its position in shares of S&P Global by 15.6% during the third quarter. Victory Capital Management Inc. now owns 20,875 shares of the business services provider’s stock worth $3,263,000 after purchasing an additional 2,818 shares in the last quarter. Andra AP fonden increased its position in shares of S&P Global by 22.5% during the third quarter. Andra AP fonden now owns 25,600 shares of the business services provider’s stock worth $4,002,000 after purchasing an additional 4,700 shares in the last quarter. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of S&P Global during the third quarter worth about $3,679,000. State of Tennessee Treasury Department increased its position in shares of S&P Global by 17.5% during the third quarter. State of Tennessee Treasury Department now owns 165,276 shares of the business services provider’s stock worth $25,834,000 after purchasing an additional 24,650 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of S&P Global by 109.6% during the third quarter. American Century Companies Inc. now owns 1,182,826 shares of the business services provider’s stock worth $184,888,000 after purchasing an additional 618,411 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.
Several equities analysts recently issued reports on SPGI shares. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $204.00 price target on the stock in a research report on Tuesday, January 23rd. ValuEngine cut S&P Global from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Barclays boosted their price target on S&P Global from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Argus boosted their price target on S&P Global to $210.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Finally, Cantor Fitzgerald boosted their price target on S&P Global from $190.00 to $196.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. S&P Global currently has an average rating of “Buy” and an average target price of $190.36.
Shares of S&P Global Inc (NYSE:SPGI) traded down $3.51 on Wednesday, reaching $192.38. The company’s stock had a trading volume of 956,368 shares, compared to its average volume of 1,730,000. S&P Global Inc has a 12 month low of $127.28 and a 12 month high of $197.76. The stock has a market cap of $48,850.00, a price-to-earnings ratio of 30.30, a PEG ratio of 1.59 and a beta of 1.41. The company has a debt-to-equity ratio of 4.13, a current ratio of 1.35 and a quick ratio of 1.35.
S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 6th. The business services provider reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.22. S&P Global had a return on equity of 199.44% and a net margin of 24.69%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the company earned $1.28 EPS. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. equities analysts predict that S&P Global Inc will post 8.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Monday, February 26th were issued a $0.50 dividend. 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. This is a positive change from S&P Global’s previous quarterly dividend of $0.41. S&P Global’s payout ratio is currently 31.50%.
In other S&P Global news, SVP Nancy Luquette sold 890 shares of S&P Global stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $188.53, for a total value of $167,791.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John L. Berisford sold 15,902 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $192.19, for a total value of $3,056,205.38. Following the sale, 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. Insiders sold a total of 20,792 shares of company stock worth $3,973,197 in the last ninety days. 0.20% of the stock is owned by corporate insiders.
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S&P Global Profile
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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