CenterBook Partners LP Purchases 1,930 Shares of S&P Global Inc. (NYSE:SPGI)

CenterBook Partners LP lifted its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 101.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,841 shares of the business services provider's stock after acquiring an additional 1,930 shares during the period. CenterBook Partners LP's holdings in S&P Global were worth $1,913,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. DRW Securities LLC grew its stake in shares of S&P Global by 161.7% in the fourth quarter. DRW Securities LLC now owns 2,580 shares of the business services provider's stock worth $1,284,000 after acquiring an additional 1,594 shares during the last quarter. APG Asset Management N.V. boosted its position in shares of S&P Global by 1,384.4% during the fourth quarter. APG Asset Management N.V. now owns 290,500 shares of the business services provider's stock worth $139,718,000 after buying an additional 270,930 shares during the period. Advisory Services Network LLC grew its stake in shares of S&P Global by 26.5% in the fourth quarter. Advisory Services Network LLC now owns 13,497 shares of the business services provider's stock valued at $6,722,000 after buying an additional 2,831 shares in the last quarter. Straightline Group LLC acquired a new position in shares of S&P Global in the fourth quarter valued at $199,000. Finally, Renaissance Technologies LLC bought a new position in S&P Global during the fourth quarter worth about $52,902,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Remove Ads

S&P Global Price Performance

Shares of NYSE SPGI traded down $2.20 on Wednesday, hitting $468.51. The company's stock had a trading volume of 212,292 shares, compared to its average volume of 1,237,751. The company has a market capitalization of $147.04 billion, a price-to-earnings ratio of 37.94, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. The stock has a 50 day moving average of $503.02 and a 200-day moving average of $505.60.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period last year, the business posted $3.13 earnings per share. As a group, research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.82%. This is a boost from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global's dividend payout ratio is 31.09%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several research reports. JPMorgan Chase & Co. cut their price target on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research note on Wednesday. StockNews.com downgraded S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Bank of America assumed coverage on shares of S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective on the stock. Wells Fargo & Company increased their price objective on S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Finally, Evercore ISI raised their price objective on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $593.71.

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.