State of Tennessee Department of Treasury Decreases Stock Position in S&P Global Inc. (NYSE:SPGI)

State of Tennessee Department of Treasury cut its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 178,611 shares of the business services provider's stock after selling 7,318 shares during the quarter. State of Tennessee Department of Treasury owned 0.06% of S&P Global worth $88,954,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SPGI. Howard Capital Management Group LLC lifted its stake in S&P Global by 3.2% in the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock valued at $471,000 after purchasing an additional 28 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of S&P Global during the 3rd quarter valued at $1,753,000. SkyView Investment Advisors LLC lifted its holdings in shares of S&P Global by 2.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 4,957 shares of the business services provider's stock worth $2,561,000 after acquiring an additional 119 shares during the period. Fulcrum Equity Management acquired a new stake in shares of S&P Global in the 3rd quarter valued at $200,000. Finally, Pine Valley Investments Ltd Liability Co raised its stake in S&P Global by 2.2% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 11,102 shares of the business services provider's stock worth $5,736,000 after acquiring an additional 235 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SPGI shares. UBS Group boosted their price objective on S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Wells Fargo & Company cut their target price on shares of S&P Global from $633.00 to $607.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Oppenheimer reduced their target price on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, StockNews.com downgraded S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $591.86.

S&P Global Stock Performance

NYSE SPGI traded up $4.42 on Wednesday, hitting $470.84. 1,232,137 shares of the stock traded hands, compared to its average volume of 1,239,265. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The business's fifty day moving average is $494.80 and its two-hundred day moving average is $503.54. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The firm has a market capitalization of $147.77 billion, a price-to-earnings ratio of 38.12, a PEG ratio of 2.41 and a beta of 1.26.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the company posted $3.13 EPS. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.82%. This is a boost from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is currently 31.09%.

S&P Global 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.