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

California State Teachers Retirement System lessened its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 500,531 shares of the business services provider's stock after selling 10,229 shares during the period. California State Teachers Retirement System owned about 0.16% of S&P Global worth $249,279,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Human Investing LLC purchased a new stake in shares of S&P Global in the fourth quarter valued at about $30,000. Noble Wealth Management PBC purchased a new stake in S&P Global during the fourth quarter worth about $31,000. Hazlett Burt & Watson Inc. lifted its position in shares of S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after purchasing an additional 38 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock valued at $36,000 after purchasing an additional 63 shares in the last quarter. Finally, BankPlus Trust Department acquired a new stake in S&P Global during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of recent research reports. BMO Capital Markets lifted their target price on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Robert W. Baird cut their target price on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research note on Wednesday. StockNews.com cut shares of S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Stifel Nicolaus dropped their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered their target price 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. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $592.71.

S&P Global Stock Performance

SPGI traded down $0.56 during trading on Thursday, hitting $499.49. The stock had a trading volume of 1,577,315 shares, compared to its average volume of 1,229,237. The company's 50-day moving average price is $489.55 and its 200 day moving average price is $502.49. S&P Global Inc. has a twelve month low of $408.84 and a twelve month high of $545.39. The firm has a market capitalization of $156.76 billion, a P/E ratio of 40.44, a PEG ratio of 2.41 and a beta of 1.26. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.23 by $0.14. The business had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The business's revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm earned $4.01 earnings per share. On average, equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

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.