Caxton Associates LLP Raises Stock Holdings in S&P Global Inc. $SPGI

Caxton Associates LLP boosted its position in S&P Global Inc. (NYSE:SPGI) by 326.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,238 shares of the business services provider’s stock after purchasing an additional 2,478 shares during the quarter. Caxton Associates LLP’s holdings in S&P Global were worth $1,707,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of S&P Global in the 2nd quarter worth approximately $26,000. MTM Investment Management LLC purchased a new position in S&P Global during the second quarter valued at $27,000. CBIZ Investment Advisory Services LLC boosted its holdings in S&P Global by 103.3% in 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 in the last quarter. eCIO Inc. bought a new stake in S&P Global in the first quarter worth $32,000. Finally, Spurstone Advisory Services LLC purchased a new stake in shares of S&P Global in the second quarter worth $34,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. BMO Capital Markets set a $546.00 price objective on S&P Global in a research report on Friday, November 14th. Mizuho upped their price objective on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Morgan Stanley upped their price target on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, William Blair reaffirmed an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Two analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $613.00.

S&P Global Price Performance

Shares of SPGI stock opened at $500.95 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The firm has a market capitalization of $151.69 billion, a price-to-earnings ratio of 36.43, a PEG ratio of 2.60 and a beta of 1.19. The stock’s 50-day simple moving average is $490.15 and its 200-day simple moving average is $514.67.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The business had revenue of $1.87 billion during the quarter. As a group, equities analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, November 25th. S&P Global’s payout ratio is currently 27.93%.

S&P Global Company 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.