S&P Global Inc. (NYSE:SPGI) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 4.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 672,450 shares of the business services provider's stock after selling 31,544 shares during the period. California Public Employees Retirement System owned 0.22% of S&P Global worth $334,900,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SPGI. Headinvest LLC lifted its position in S&P Global by 2.0% during the third quarter. Headinvest LLC now owns 997 shares of the business services provider's stock worth $515,000 after buying an additional 20 shares in the last quarter. EWA LLC increased its stake in shares of S&P Global by 4.2% in the 3rd quarter. EWA LLC now owns 498 shares of the business services provider's stock worth $254,000 after acquiring an additional 20 shares during the last quarter. Continuum Advisory LLC raised its holdings in shares of S&P Global by 1.3% during the 3rd quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider's stock worth $788,000 after acquiring an additional 20 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of S&P Global by 2.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock worth $515,000 after acquiring an additional 20 shares during the period. Finally, Personal CFO Solutions LLC boosted its position in shares of S&P Global by 3.1% during the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock valued at $336,000 after acquiring an additional 20 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of brokerages have commented on SPGI. Citigroup started coverage on shares of S&P Global in a research note on Friday, December 20th. They set a "buy" rating and a $600.00 target price on the stock. Morgan Stanley raised their price target on shares of 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 S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. BMO Capital Markets raised their target price on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Finally, UBS Group lifted their target price on S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $590.86.

S&P Global Stock Up 0.5 %

Shares of SPGI stock traded up $2.56 during trading on Tuesday, reaching $510.66. The company's stock had a trading volume of 979,511 shares, compared to its average volume of 1,220,212. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39. The stock's 50-day moving average price is $515.34 and its 200 day moving average price is $510.02. The company has a market capitalization of $160.26 billion, a price-to-earnings ratio of 41.35, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same period in the prior year, the business earned $3.13 earnings per share. On average, research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. This is a positive change from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio (DPR) is currently 31.09%.

About S&P Global

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.