New York State Common Retirement Fund Sells 1,514 Shares of S&P Global Inc. (NYSE:SPGI)

New York State Common Retirement Fund lowered its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 445,803 shares of the business services provider's stock after selling 1,514 shares during the quarter. New York State Common Retirement Fund owned 0.14% of S&P Global worth $222,023,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SPGI. International Assets Investment Management LLC boosted its holdings in shares of S&P Global by 174,815.4% in the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider's stock valued at $241,274,000 after buying an additional 466,757 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in S&P Global during the 3rd quarter valued at $224,976,000. FMR LLC lifted its holdings in S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider's stock valued at $3,081,830,000 after purchasing an additional 369,598 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in S&P Global during the 4th quarter valued at $144,091,000. Finally, Wellington Management Group LLP lifted its holdings in S&P Global by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider's stock valued at $4,581,580,000 after purchasing an additional 292,436 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Price Performance

Shares of NYSE SPGI traded down $2.38 during mid-day trading on Friday, reaching $533.05. The company had a trading volume of 1,335,113 shares, compared to its average volume of 1,359,665. 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 one year low of $407.69 and a one year high of $545.39. The firm has a market cap of $164.07 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 2.44 and a beta of 1.20. The business's 50-day simple moving average is $509.53 and its 200 day simple moving average is $508.60.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping 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 earned $3.13 EPS. On average, research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This is an increase from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.72%. S&P Global's payout ratio is presently 29.47%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several research reports. Robert W. Baird raised their price target on S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Citigroup initiated coverage on S&P Global in a report on Friday, December 20th. They set a "buy" rating and a $600.00 price target for the company. Evercore ISI raised their price target on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Wells Fargo & Company raised their price target on S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Finally, Morgan Stanley increased their price objective on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, S&P Global has a consensus 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.