New York State Teachers Retirement System Cuts Holdings in S&P Global Inc. (NYSE:SPGI)

New York State Teachers Retirement System decreased its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 259,612 shares of the business services provider's stock after selling 12,855 shares during the period. New York State Teachers Retirement System owned about 0.08% of S&P Global worth $129,295,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Northwest Investment Counselors LLC bought a new stake in S&P Global in the 3rd quarter worth about $27,000. First Personal Financial Services purchased a new position in shares of S&P Global in the 3rd quarter worth approximately $29,000. Capital Performance Advisors LLP bought a new position in shares of S&P Global in the third quarter valued at approximately $31,000. Voisard Asset Management Group Inc. increased its position in shares of S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider's stock valued at $32,000 after acquiring an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC lifted its holdings in S&P Global by 94.4% during the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock worth $36,000 after acquiring an additional 34 shares during the period. Institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

NYSE SPGI traded up $3.39 during trading hours on Tuesday, hitting $543.08. The company had a trading volume of 1,744,969 shares, compared to its average volume of 1,340,320. The firm has a 50 day simple moving average of $507.92 and a 200 day simple moving average of $507.77. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The firm has a market capitalization of $168.52 billion, a price-to-earnings ratio of 47.93, a PEG ratio of 2.39 and a beta of 1.20. 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 issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same quarter in the previous year, the company earned $3.13 earnings per share. Equities research analysts expect that S&P Global Inc. will post 15.34 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Wednesday, February 26th. This is an increase from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio (DPR) is 32.13%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SPGI. Morgan Stanley upped their price objective on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Citigroup began coverage on shares of S&P Global in a report on Friday, December 20th. They set a "buy" rating and a $600.00 price objective for the company. Robert W. Baird boosted their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Stifel Nicolaus raised their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Finally, Oppenheimer dropped their price objective on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, S&P Global currently has an average rating of "Moderate Buy" and a consensus target price of $590.23.

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.