Ninepoint Partners LP Increases Stock Position in S&P Global Inc. (NYSE:SPGI)

Ninepoint Partners LP raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 8.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,777 shares of the business services provider’s stock after purchasing an additional 140 shares during the period. Ninepoint Partners LP’s holdings in S&P Global were worth $783,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SPGI. Norges Bank purchased a new position in shares of S&P Global in the fourth quarter worth about $1,112,935,000. Clearbridge Investments LLC increased its position in S&P Global by 11,089.7% during the first quarter. Clearbridge Investments LLC now owns 2,230,227 shares of the business services provider’s stock worth $914,794,000 after purchasing an additional 2,210,296 shares during the last quarter. Morgan Stanley increased its position in S&P Global by 49.9% during the fourth quarter. Morgan Stanley now owns 4,318,418 shares of the business services provider’s stock worth $1,446,412,000 after purchasing an additional 1,437,116 shares during the last quarter. Northern Trust Corp increased its position in S&P Global by 39.5% during the first quarter. Northern Trust Corp now owns 3,727,874 shares of the business services provider’s stock worth $1,529,100,000 after purchasing an additional 1,056,097 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC increased its position in S&P Global by 113,163.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,005,777 shares of the business services provider’s stock worth $336,875,000 after purchasing an additional 1,004,889 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the sale, the chief executive officer now owns 162,530 shares in the company, valued at approximately $69,032,992.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

SPGI has been the subject of several recent analyst reports. Raymond James raised their price objective on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Oppenheimer reissued an “outperform” rating and issued a $480.00 price target on shares of S&P Global in a research note on Tuesday, April 2nd. BMO Capital Markets boosted their price target on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research note on Friday, February 9th. Finally, Barclays boosted their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $462.00.

S&P Global Stock Down 0.3 %

Shares of S&P Global stock traded down $1.41 during trading hours on Friday, hitting $411.96. The company had a trading volume of 468,577 shares, compared to its average volume of 1,298,965. The company’s 50-day moving average is $425.23 and its two-hundred day moving average is $415.25. S&P Global Inc. has a twelve month low of $338.92 and a twelve month high of $461.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $131.93 billion, a P/E ratio of 50.23, a price-to-earnings-growth ratio of 2.32 and a beta of 1.15.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.02). S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the company posted $2.54 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Analysts anticipate that S&P Global Inc. will post 14.08 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were issued a $0.91 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.90. The ex-dividend date was Monday, February 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.88%. S&P Global’s dividend payout ratio is presently 44.23%.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.