Kentucky Retirement Systems Sells 630 Shares of S&P Global Inc. (NYSE:SPGI)

Kentucky Retirement Systems lowered its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,374 shares of the business services provider's stock after selling 630 shares during the period. Kentucky Retirement Systems' holdings in S&P Global were worth $10,860,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of SPGI. Minot DeBlois Advisors LLC acquired a new stake in S&P Global during the 4th quarter valued at $25,000. Anderson Financial Strategies LLC acquired a new stake in S&P Global during the 4th quarter valued at $27,000. Noble Wealth Management PBC acquired a new stake in S&P Global during the 4th quarter valued at $31,000. Hazlett Burt & Watson Inc. raised its stake in S&P Global by 131.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after purchasing an additional 38 shares during the period. Finally, BankPlus Trust Department acquired a new stake in S&P Global during the 4th quarter valued at $40,000. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Up 2.1%

NYSE:SPGI traded up $10.84 during trading hours on Monday, reaching $515.04. The company's stock had a trading volume of 2,133,033 shares, compared to its average volume of 1,234,145. The company has a market cap of $157.96 billion, a price-to-earnings ratio of 40.46, a price-to-earnings-growth ratio of 2.46 and a beta of 1.20. S&P Global Inc. has a one year low of $427.14 and a one year high of $545.39. The business's 50-day moving average is $501.16 and its 200-day moving average is $503.25. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. The firm 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 for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $4.01 earnings per share. Equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Wednesday, May 28th. S&P Global's dividend payout ratio is presently 30.16%.

Insider Buying and Selling

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

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group boosted their target price on shares of S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Mizuho began coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price on the stock. Stifel Nicolaus lowered their price target on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price target on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Argus upgraded shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $592.71.

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.