New York State Common Retirement Fund Trims Position in S&P Global Inc. (NYSE:SPGI)

New York State Common Retirement Fund trimmed its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 5.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 421,004 shares of the business services provider's stock after selling 24,799 shares during the period. New York State Common Retirement Fund owned approximately 0.13% of S&P Global worth $213,912,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new position in shares of S&P Global during the fourth quarter valued at approximately $25,000. Anderson Financial Strategies LLC acquired a new stake in S&P Global in the fourth quarter valued at $27,000. Smallwood Wealth Investment Management LLC acquired a new position in S&P Global in the 1st quarter valued at about $28,000. Hazlett Burt & Watson Inc. increased its position in S&P Global by 131.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after acquiring an additional 38 shares during the period. Finally, Alpine Bank Wealth Management acquired a new stake in shares of S&P Global in the 1st quarter worth approximately $33,000. 87.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SPGI shares. Morgan Stanley upped their target price on S&P Global from $587.00 to $595.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Argus upgraded S&P Global to a "strong-buy" rating in a report on Friday, May 16th. JPMorgan Chase & Co. cut their price target on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Bank of America assumed coverage on S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target for the company. Finally, Stifel Nicolaus dropped their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $596.79.

Insider Activity at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president directly owned 5,131 shares in the company, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.

S&P Global Stock Performance

Shares of NYSE:SPGI traded up $3.23 on Monday, hitting $530.30. The company had a trading volume of 685,802 shares, compared to its average volume of 1,226,430. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $545.39. The stock has a market cap of $162.64 billion, a price-to-earnings ratio of 41.66, a P/E/G ratio of 2.56 and a beta of 1.19. The stock has a 50 day moving average price of $515.64 and a 200 day moving average price of $505.49. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

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 for the quarter, topping the consensus estimate of $4.23 by $0.14. The business had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. S&P Global's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.01 earnings per share. Analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is 30.16%.

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.