Maryland State Retirement & Pension System Sells 1,201 Shares of S&P Global Inc. (NYSE:SPGI)

Maryland State Retirement & Pension System reduced its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,848 shares of the business services provider's stock after selling 1,201 shares during the quarter. Maryland State Retirement & Pension System's holdings in S&P Global were worth $8,391,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Human Investing LLC bought a new position in shares of S&P Global during the 4th quarter worth approximately $30,000. Noble Wealth Management PBC bought a new position in shares of S&P Global during the 4th quarter worth approximately $31,000. Dunhill Financial LLC boosted its holdings in shares of S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock worth $36,000 after buying an additional 34 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock worth $36,000 after acquiring an additional 63 shares in the last quarter. Finally, BankPlus Trust Department bought a new position in S&P Global in the fourth quarter worth approximately $40,000. 87.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SPGI. Morgan Stanley increased their price target on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. StockNews.com cut shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Oppenheimer dropped their price target on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. Mizuho initiated coverage on shares of S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price target on the stock. Finally, Evercore ISI raised their price target 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. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $590.86.

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S&P Global Stock Performance

SPGI stock traded up $0.42 during mid-day trading on Friday, hitting $497.62. The company had a trading volume of 2,603,895 shares, compared to its average volume of 1,154,869. The firm has a market cap of $153.17 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The stock's fifty day moving average price is $513.85 and its two-hundred day moving average price is $510.42.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 in the previous year, the company posted $3.13 EPS. On average, analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.77%. This is a boost from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio is presently 31.09%.

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.