Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 2,194 Shares of S&P Global Inc. (NYSE:SPGI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 67,510 shares of the business services provider's stock after selling 2,194 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in S&P Global were worth $33,622,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Swedbank AB lifted its holdings in S&P Global by 11.8% during the 3rd quarter. Swedbank AB now owns 871,588 shares of the business services provider's stock valued at $450,280,000 after purchasing an additional 92,115 shares during the last quarter. Howard Capital Management Group LLC lifted its stake in shares of S&P Global by 3.2% during the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock worth $471,000 after buying an additional 28 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of S&P Global by 208.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 45,371 shares of the business services provider's stock worth $23,440,000 after buying an additional 30,679 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in shares of S&P Global by 2.6% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 3,967 shares of the business services provider's stock worth $2,050,000 after buying an additional 100 shares during the period. Finally, Avior Wealth Management LLC grew its stake in S&P Global by 18.4% in the 3rd quarter. Avior Wealth Management LLC now owns 450 shares of the business services provider's stock valued at $232,000 after buying an additional 70 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

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S&P Global Price Performance

NYSE SPGI traded up $6.12 on Monday, hitting $504.00. 1,560,643 shares of the company's stock were exchanged, compared to its average volume of 1,156,536. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The stock has a 50-day moving average of $514.28 and a 200-day moving average of $510.31. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a market cap of $155.13 billion, a price-to-earnings ratio of 40.81, a P/E/G ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating 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 firm earned $3.13 EPS. Analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. This is a boost from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. S&P Global's dividend payout ratio is currently 31.09%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several research reports. Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They issued a "buy" rating and a $600.00 target price on the stock. Oppenheimer reduced their price target on S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. Mizuho started coverage on S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective on the stock. Evercore ISI boosted their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Finally, BMO Capital Markets upped their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $590.86.

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.