Y Intercept Hong Kong Ltd Increases Holdings in S&P Global Inc. $SPGI

Y Intercept Hong Kong Ltd lifted its position in S&P Global Inc. (NYSE:SPGI) by 9.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,654 shares of the business services provider’s stock after purchasing an additional 136 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in S&P Global were worth $872,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of SPGI. Cheviot Value Management LLC purchased a new position in shares of S&P Global in the first quarter worth about $26,000. Costello Asset Management INC purchased a new position in shares of S&P Global in the first quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of S&P Global in the second quarter worth about $26,000. CBIZ Investment Advisory Services LLC grew its holdings in S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after acquiring an additional 31 shares during the period. Finally, eCIO Inc. acquired a new stake in S&P Global during the first quarter worth about $32,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Up 0.5%

Shares of SPGI opened at $499.59 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The stock’s 50 day moving average is $505.31 and its two-hundred day moving average is $516.16. The firm has a market cap of $152.53 billion, a P/E ratio of 38.43, a PEG ratio of 2.50 and a beta of 1.19.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The company had revenue of $1.87 billion for the quarter. Analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is presently 27.93%.

Analyst Ratings Changes

Several research firms recently commented on SPGI. Citigroup raised their target price on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Stifel Nicolaus dropped their target price on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Mizuho raised their target price on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Finally, Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $612.38.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.