S&P Global Inc. (NYSE:SPGI) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 11.3% during the 3rd quarter, Holdings Channel reports. The fund owned 447,317 shares of the business services provider’s stock after selling 56,826 shares during the period. New York State Common Retirement Fund’s holdings in S&P Global were worth $231,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Norden Group LLC bought a new position in shares of S&P Global in the first quarter valued at approximately $5,339,000. Dupont Capital Management Corp lifted its position in S&P Global by 27.1% in the first quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider’s stock worth $12,019,000 after purchasing an additional 6,025 shares during the period. J.W. Cole Advisors Inc. boosted its stake in S&P Global by 35.4% during the 1st quarter. J.W. Cole Advisors Inc. now owns 619 shares of the business services provider’s stock valued at $264,000 after purchasing an additional 162 shares in the last quarter. Mission Wealth Management LP increased its position in shares of S&P Global by 71.4% during the 1st quarter. Mission Wealth Management LP now owns 3,477 shares of the business services provider’s stock valued at $1,479,000 after purchasing an additional 1,449 shares during the period. Finally, BOK Financial Private Wealth Inc. raised its stake in shares of S&P Global by 46.5% in the 1st quarter. BOK Financial Private Wealth Inc. now owns 211 shares of the business services provider’s stock worth $90,000 after buying an additional 67 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SPGI shares. Stifel Nicolaus raised their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday. UBS Group raised their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Oppenheimer boosted their target price on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Robert W. Baird increased their target price 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. Finally, Evercore ISI began coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target on the stock. 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $571.31.

Insider Activity

In related news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the transaction, the director now directly owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by corporate insiders.

S&P Global Trading Up 0.7 %

S&P Global stock traded up $3.56 during midday trading on Friday, reaching $483.92. The stock had a trading volume of 62,310 shares, compared to its average volume of 1,195,896. The firm’s fifty day simple moving average is $512.79 and its two-hundred day simple moving average is $472.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 1.03. S&P Global Inc. has a twelve month low of $365.00 and a twelve month high of $533.29. The firm has a market cap of $150.16 billion, a price-to-earnings ratio of 42.38, a PEG ratio of 2.50 and a beta of 1.18.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the firm posted $3.21 earnings per share. Equities analysts anticipate that S&P Global Inc. will post 15.16 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.75%. S&P Global’s dividend payout ratio is 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.