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

Alkeon Capital Management LLC reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 169,548 shares of the business services provider’s stock after selling 152 shares during the quarter. Alkeon Capital Management LLC owned about 0.05% of S&P Global worth $87,592,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SPGI. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of S&P Global by 107.2% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after purchasing an additional 2,962 shares during the period. GDS Wealth Management increased its stake in S&P Global by 7.0% during the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after purchasing an additional 1,801 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in S&P Global by 4.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 30,014 shares of the business services provider’s stock worth $13,386,000 after buying an additional 1,405 shares during the last quarter. BDF Gestion bought a new position in shares of S&P Global in the second quarter valued at $4,419,000. Finally, Pinnacle Financial Partners Inc grew its holdings in shares of S&P Global by 3.9% during the third quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider’s stock valued at $24,645,000 after buying an additional 1,806 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SPGI shares. Wells Fargo & Company upped their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Morgan Stanley increased their price objective on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Evercore ISI began coverage on S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. Oppenheimer increased their price target on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, Barclays raised their price objective on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $522.86 on Friday. The company has a market capitalization of $162.24 billion, a P/E ratio of 46.15, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18. The company’s 50-day moving average is $509.24 and its 200 day moving average is $484.31. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29.

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

S&P Global Announces Dividend

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

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.