New York State Teachers Retirement System Cuts Stock Position in S&P Global Inc. (NYSE:SPGI)

New York State Teachers Retirement System lowered its stake in S&P Global Inc. (NYSE:SPGI) by 4.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 259,612 shares of the business services provider’s stock after selling 12,855 shares during the period. New York State Teachers Retirement System owned 0.08% of S&P Global worth $129,295,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new stake in S&P Global during the 3rd quarter valued at $27,000. First Personal Financial Services purchased a new stake in S&P Global during the 3rd quarter valued at $29,000. Capital Performance Advisors LLP bought a new position in shares of S&P Global during the 3rd quarter valued at $31,000. Voisard Asset Management Group Inc. lifted its holdings in shares of S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after buying an additional 27 shares during the period. Finally, Dunhill Financial LLC lifted its holdings in shares of S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the topic of several research analyst reports. Wells Fargo & Company increased 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. Oppenheimer lowered their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. StockNews.com raised S&P Global from a “hold” rating to a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. decreased their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Citigroup assumed coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $587.92.

S&P Global Trading Up 2.1 %

Shares of SPGI stock opened at $542.44 on Friday. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $542.77. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $168.32 billion, a PE ratio of 47.88, a PEG ratio of 2.39 and a beta of 1.20. The stock has a fifty day simple moving average of $506.35 and a two-hundred day simple moving average of $506.53.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same quarter last year, the business earned $3.13 earnings per share. On average, analysts predict that S&P Global Inc. will post 15.34 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.71%. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

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.