Alkeon Capital Management LLC Sells 152 Shares of S&P Global Inc. (NYSE:SPGI)

Alkeon Capital Management LLC cut its holdings in S&P Global Inc. (NYSE:SPGI) by 0.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 169,548 shares of the business services provider’s stock after selling 152 shares during the period. Alkeon Capital Management LLC’s holdings in S&P Global were worth $87,592,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SPGI. Burney Co. boosted its stake in S&P Global by 81.8% in the 1st quarter. Burney Co. now owns 1,309 shares of the business services provider’s stock worth $557,000 after purchasing an additional 589 shares during the period. Cetera Investment Advisers boosted its position in shares of S&P Global by 302.1% in the first quarter. Cetera Investment Advisers now owns 89,256 shares of the business services provider’s stock valued at $37,974,000 after acquiring an additional 67,060 shares during the period. Cetera Advisors LLC grew its stake in S&P Global by 24.5% during the first quarter. Cetera Advisors LLC now owns 51,928 shares of the business services provider’s stock valued at $22,093,000 after acquiring an additional 10,215 shares in the last quarter. Clear Rock Advisors LLC increased its holdings in S&P Global by 4.1% during the 1st quarter. Clear Rock Advisors LLC now owns 5,575 shares of the business services provider’s stock worth $2,372,000 after acquiring an additional 220 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in S&P Global by 16.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 434 shares of the business services provider’s stock worth $181,000 after purchasing an additional 62 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $522.86 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a market cap of $162.24 billion, a PE ratio of 46.15, a PEG ratio of 2.67 and a beta of 1.18. The company’s fifty day moving average is $509.24 and its 200 day moving average is $484.31. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same period last year, the firm earned $3.21 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Research analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SPGI. Wells Fargo & Company boosted their price target on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. BMO Capital Markets reduced their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Morgan Stanley raised their price target on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Oppenheimer boosted their price objective on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Finally, Robert W. Baird upped their price objective on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.