S&P Global Inc. (NYSE:SPGI) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 1.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 67,691 shares of the business services provider's stock after selling 1,052 shares during the period. Retirement Systems of Alabama's holdings in S&P Global were worth $34,394,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Geode Capital Management LLC grew its stake in S&P Global by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock valued at $3,273,264,000 after acquiring an additional 116,208 shares in the last quarter. Norges Bank bought a new stake in shares of S&P Global in the 4th quarter worth about $1,725,084,000. Northern Trust Corp raised its position in S&P Global by 19.1% during the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock valued at $1,631,568,000 after purchasing an additional 525,347 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in S&P Global by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock valued at $1,529,653,000 after buying an additional 357,790 shares during the period. Finally, Amundi lifted its holdings in shares of S&P Global by 6.6% in the 4th quarter. Amundi now owns 2,345,377 shares of the business services provider's stock worth $1,162,979,000 after acquiring an additional 145,434 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

Analyst Ratings Changes

SPGI has been the topic of a number of recent research reports. Stifel Nicolaus dropped their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price objective 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. Bank of America started coverage on shares of S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 target price on the stock. Mizuho started coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective on the stock. Finally, Wells Fargo & Company lifted their price objective on shares of S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $592.71.

Insider Buying and Selling at S&P Global

In other news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the transaction, the executive vice president now directly owns 5,131 shares in the company, valued at $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders.

S&P Global Stock Up 0.2%

Shares of SPGI stock traded up $1.22 during trading hours on Friday, reaching $503.85. 2,078,049 shares of the company's stock were exchanged, compared to its average volume of 1,230,529. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $545.39. The stock's 50 day moving average is $501.16 and its 200-day moving average is $503.33. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a market cap of $154.53 billion, a price-to-earnings ratio of 39.58, a P/E/G ratio of 2.46 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.14. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the company posted $4.01 EPS. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. Analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, May 28th. S&P Global's dividend payout ratio is presently 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.