Two Sigma Advisers LP Has $151.13 Million Stake in S&P Global Inc (NYSE:SPGI)

Two Sigma Advisers LP lowered its stake in shares of S&P Global Inc (NYSE:SPGI) by 20.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 458,699 shares of the business services provider’s stock after selling 120,800 shares during the period. Two Sigma Advisers LP owned approximately 0.19% of S&P Global worth $151,132,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SPGI. Schonfeld Strategic Advisors LLC lifted its position in shares of S&P Global by 441.7% during the 2nd quarter. Schonfeld Strategic Advisors LLC now owns 57,640 shares of the business services provider’s stock worth $18,991,000 after buying an additional 47,000 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of S&P Global by 67.4% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 372,886 shares of the business services provider’s stock worth $122,859,000 after buying an additional 150,151 shares in the last quarter. Advisor OS LLC bought a new position in shares of S&P Global during the 2nd quarter worth approximately $347,000. Handelsbanken Fonder AB bought a new position in shares of S&P Global during the 2nd quarter worth approximately $18,968,000. Finally, Asset Dedication LLC lifted its position in shares of S&P Global by 31.1% during the 2nd quarter. Asset Dedication LLC now owns 889 shares of the business services provider’s stock worth $297,000 after buying an additional 211 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

SPGI has been the topic of a number of research reports. Barclays lifted their price target on shares of S&P Global from $260.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Morgan Stanley lifted their price target on shares of S&P Global from $361.00 to $383.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Jefferies Financial Group lifted their price target on shares of S&P Global from $339.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Stifel Nicolaus lifted their price target on shares of S&P Global from $331.00 to $351.00 and gave the stock a “hold” rating in a report on Wednesday, July 29th. Finally, Oppenheimer started coverage on shares of S&P Global in a report on Tuesday, July 28th. They set a “buy” rating and a $396.00 target price on the stock. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. S&P Global presently has a consensus rating of “Buy” and a consensus price target of $353.54.

NYSE:SPGI traded up $0.34 during midday trading on Wednesday, hitting $357.54. The company had a trading volume of 902,088 shares, compared to its average volume of 1,431,047. S&P Global Inc has a 52-week low of $186.05 and a 52-week high of $379.87. The stock’s fifty day moving average price is $353.99 and its 200-day moving average price is $311.09. The company has a market capitalization of $86.17 billion, a PE ratio of 33.73, a P/E/G ratio of 3.17 and a beta of 1.03. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 14.74.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 28th. The business services provider reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.64. S&P Global had a net margin of 36.19% and a return on equity of 1,072.73%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the business earned $2.43 earnings per share. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. As a group, research analysts forecast that S&P Global Inc will post 10.99 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Tuesday, August 25th. S&P Global’s dividend payout ratio is presently 28.12%.

In other news, CEO Douglas L. Peterson sold 30,000 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $351.44, for a total transaction of $10,543,200.00. Following the completion of the transaction, the chief executive officer now directly owns 173,293 shares of the company’s stock, valued at $60,902,091.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Martina Cheung sold 1,398 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $353.42, for a total transaction of $494,081.16. Following the transaction, the insider now directly owns 8,506 shares of the company’s stock, valued at $3,006,190.52. The disclosure for this sale can be found here. Insiders sold 43,710 shares of company stock valued at $15,363,454 over the last three months. 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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