Public Employees Retirement System of Ohio Sells 2,189 Shares of S&P Global Inc. (NYSE:SPGI)

Public Employees Retirement System of Ohio trimmed its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 1.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 141,603 shares of the business services provider's stock after selling 2,189 shares during the period. Public Employees Retirement System of Ohio's holdings in S&P Global were worth $73,155,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. EWA LLC grew its position in shares of S&P Global by 4.2% during the 3rd quarter. EWA LLC now owns 498 shares of the business services provider's stock valued at $254,000 after acquiring an additional 20 shares during the period. Y Intercept Hong Kong Ltd grew its position in shares of S&P Global by 91.0% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 1,182 shares of the business services provider's stock valued at $611,000 after acquiring an additional 563 shares during the period. MML Investors Services LLC grew its position in shares of S&P Global by 32.3% during the 3rd quarter. MML Investors Services LLC now owns 36,396 shares of the business services provider's stock valued at $18,803,000 after acquiring an additional 8,896 shares during the period. Headinvest LLC grew its position in shares of S&P Global by 2.0% during the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider's stock valued at $515,000 after acquiring an additional 20 shares during the period. Finally, Dunhill Financial LLC grew its position 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 valued at $36,000 after acquiring an additional 34 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

NYSE SPGI traded down $2.52 on Monday, hitting $514.25. The stock had a trading volume of 555,772 shares, compared to its average volume of 1,208,861. The firm has a 50-day moving average of $509.48 and a 200-day moving average of $488.47. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $159.57 billion, a price-to-earnings ratio of 45.61, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.25. The firm had revenue of $3.58 billion for the quarter, compared to analysts' expectations of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company posted $3.21 EPS. Equities analysts expect that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global's dividend payout ratio (DPR) is currently 32.13%.

Analyst Ratings Changes

SPGI has been the subject of a number of research reports. Barclays increased their target price on shares of S&P Global from $550.00 to $610.00 and gave the company an "overweight" rating in a research report on Friday, September 13th. Oppenheimer increased their target price on shares of S&P Global from $540.00 to $590.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. UBS Group upped their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Wells Fargo & Company upped their price target on shares of S&P Global from $575.00 to $620.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Finally, Robert W. Baird upped their price target 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. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, S&P Global currently has a consensus rating of "Moderate Buy" and an average price target 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.