Totem Point Management LLC Has $12.85 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Totem Point Management LLC grew its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 17.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,800 shares of the business services provider's stock after purchasing an additional 3,761 shares during the quarter. S&P Global makes up approximately 13.6% of Totem Point Management LLC's holdings, making the stock its biggest holding. Totem Point Management LLC's holdings in S&P Global were worth $12,849,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. MGO One Seven LLC grew its position in shares of S&P Global by 32.7% during the 4th quarter. MGO One Seven LLC now owns 2,262 shares of the business services provider's stock worth $1,127,000 after buying an additional 558 shares during the period. Quantessence Capital LLC bought a new position in S&P Global during the 4th quarter worth approximately $2,026,000. Alta Advisers Ltd grew its holdings in S&P Global by 15.2% during the fourth quarter. Alta Advisers Ltd now owns 1,037 shares of the business services provider's stock valued at $516,000 after purchasing an additional 137 shares during the period. Fayez Sarofim & Co increased its stake in S&P Global by 2.3% in the fourth quarter. Fayez Sarofim & Co now owns 1,562,279 shares of the business services provider's stock valued at $783,150,000 after purchasing an additional 34,808 shares in the last quarter. Finally, J. Safra Sarasin Holding AG raised its holdings in S&P Global by 130.1% in the fourth quarter. J. Safra Sarasin Holding AG now owns 3,744 shares of the business services provider's stock worth $1,865,000 after purchasing an additional 2,117 shares during the period. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Up 4.0 %

NYSE:SPGI opened at $466.75 on Wednesday. The firm has a market capitalization of $146.49 billion, a price-to-earnings ratio of 37.79, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The stock's 50 day moving average price is $496.18 and its two-hundred day moving average price is $503.76.

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

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, February 26th. 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. S&P Global's dividend payout ratio (DPR) is presently 31.09%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Mizuho started coverage on S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective on the stock. Evercore ISI lifted their price objective on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Bank of America assumed coverage on S&P Global in a research note on Thursday, April 10th. They set a "buy" rating and a $600.00 target price for the company. JPMorgan Chase & Co. cut their price target on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Oppenheimer lowered their price objective on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, S&P Global has an average rating of "Moderate Buy" and an average target price of $591.86.

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.

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