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

California Public Employees Retirement System trimmed its stake in S&P Global Inc. (NYSE:SPGI) by 4.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 672,450 shares of the business services provider’s stock after selling 31,544 shares during the quarter. California Public Employees Retirement System owned approximately 0.22% of S&P Global worth $334,900,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. RWA Wealth Partners LLC raised its holdings in shares of S&P Global by 370.6% during the fourth quarter. RWA Wealth Partners LLC now owns 33,490 shares of the business services provider’s stock valued at $16,679,000 after acquiring an additional 26,373 shares during the period. Schroder Investment Management Group raised its stake in S&P Global by 8.7% during the 4th quarter. Schroder Investment Management Group now owns 254,859 shares of the business services provider’s stock valued at $126,927,000 after purchasing an additional 20,351 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of S&P Global in the fourth quarter valued at $56,231,000. American Money Management LLC boosted its position in shares of S&P Global by 1.0% in the fourth quarter. American Money Management LLC now owns 4,945 shares of the business services provider’s stock worth $2,463,000 after buying an additional 50 shares during the period. Finally, Okabena Investment Services Inc. grew its holdings in shares of S&P Global by 4.5% during the fourth quarter. Okabena Investment Services Inc. now owns 4,926 shares of the business services provider’s stock valued at $2,453,000 after buying an additional 210 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPGI has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Evercore ISI raised their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Oppenheimer dropped their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Citigroup initiated 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 for the company. Finally, Morgan Stanley upped their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Three 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $590.86.

S&P Global Stock Down 1.2 %

Shares of S&P Global stock opened at $502.33 on Friday. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average price of $515.20 and a two-hundred day moving average price of $510.14. The stock has a market capitalization of $157.65 billion, a P/E ratio of 40.67, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (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 quarter in the prior year, the company posted $3.13 earnings per share. Equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Wednesday, February 26th. 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 Company 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.