S&P Global Inc. (NYSE:SPGI) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 18.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,602 shares of the business services provider's stock after selling 10,528 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in S&P Global were worth $24,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in S&P Global by 107.2% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider's stock valued at $2,798,000 after purchasing an additional 2,962 shares in the last quarter. GDS Wealth Management lifted its position in S&P Global by 7.0% during the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider's stock valued at $14,134,000 after purchasing an additional 1,801 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in S&P Global by 4.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 30,014 shares of the business services provider's stock valued at $13,386,000 after purchasing an additional 1,405 shares in the last quarter. Pinnacle Financial Partners Inc raised its holdings in S&P Global by 3.9% during the third quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider's stock valued at $24,645,000 after acquiring an additional 1,806 shares during the period. Finally, Eagle Asset Management Inc. raised its holdings in S&P Global by 53.8% during the third quarter. Eagle Asset Management Inc. now owns 5,536 shares of the business services provider's stock valued at $2,784,000 after acquiring an additional 1,936 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SPGI shares. Raymond James cut S&P Global from an "outperform" rating to a "market perform" rating in a report on Monday, September 23rd. Wells Fargo & Company raised their price target on S&P Global from $575.00 to $620.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Morgan Stanley lifted their target price on S&P Global from $564.00 to $570.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Stifel Nicolaus lifted their target price on S&P Global from $540.00 to $560.00 and gave the stock a "buy" rating in a report on Monday, October 28th. Finally, UBS Group lifted their target price on S&P Global from $605.00 to $610.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $571.31.

S&P Global Trading Up 0.8 %

Shares of NYSE SPGI traded up $4.12 during trading hours on Wednesday, reaching $516.27. The stock had a trading volume of 840,469 shares, compared to its average volume of 1,210,657. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a market cap of $160.20 billion, a price-to-earnings ratio of 45.68, a P/E/G ratio of 2.64 and a beta of 1.19. The business's fifty day moving average price is $509.41 and its two-hundred day moving average price is $489.53. 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 earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts' consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. S&P Global's revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.21 earnings per share. Analysts expect that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global's payout ratio is presently 32.13%.

S&P Global 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.