S&P Global Inc. (NYSE:SPGI) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems lessened its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 7.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,307 shares of the business services provider's stock after selling 1,815 shares during the quarter. Kentucky Retirement Systems' holdings in S&P Global were worth $11,524,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SPGI. Dupont Capital Management Corp increased its stake in S&P Global by 27.1% in the 1st quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider's stock worth $12,019,000 after acquiring an additional 6,025 shares during the last quarter. Twin Tree Management LP purchased a new stake in S&P Global during the first quarter valued at $74,000. Nwam LLC grew its stake in shares of S&P Global by 45.5% in the 1st quarter. Nwam LLC now owns 1,043 shares of the business services provider's stock worth $446,000 after buying an additional 326 shares in the last quarter. M&G Plc bought a new stake in shares of S&P Global in the 1st quarter worth about $20,725,000. Finally, Intech Investment Management LLC raised its position in shares of S&P Global by 255.1% during the 1st quarter. Intech Investment Management LLC now owns 9,861 shares of the business services provider's stock valued at $4,195,000 after buying an additional 7,084 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Trading Down 1.4 %

SPGI traded down $7.35 during trading on Friday, hitting $503.29. 1,187,616 shares of the stock were exchanged, compared to its average volume of 1,209,144. S&P Global Inc. has a 1 year low of $401.79 and a 1 year high of $533.29. The firm has a market cap of $156.17 billion, a price-to-earnings ratio of 44.42, a P/E/G ratio of 2.61 and a beta of 1.18. The firm has a 50 day simple moving average of $510.47 and a 200 day simple moving average of $478.74. 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 (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $3.43 billion. During the same quarter last year, the firm posted $3.21 earnings per share. The business's revenue for the quarter was up 15.9% on a year-over-year basis. As a group, equities analysts expect that S&P Global Inc. will post 15.25 EPS for the current year.

S&P Global Announces Dividend

The firm 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. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.72%. S&P Global's dividend payout ratio is presently 32.13%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Oppenheimer boosted their price objective on S&P Global from $540.00 to $590.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. BMO Capital Markets cut their target price on S&P Global from $589.00 to $564.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. UBS Group raised their price target on S&P Global from $605.00 to $610.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on shares of S&P Global from $600.00 to $585.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. Finally, Evercore ISI assumed coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an "outperform" rating and a $599.00 target price for the company. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, S&P Global has an average rating of "Moderate Buy" and an average target price 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.