New York State Teachers Retirement System Has $124.88 Million Stake in S&P Global Inc. (NYSE:SPGI)

New York State Teachers Retirement System reduced its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 245,785 shares of the business services provider's stock after selling 13,827 shares during the quarter. New York State Teachers Retirement System owned 0.08% of S&P Global worth $124,883,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Personal CFO Solutions LLC increased its holdings in shares of S&P Global by 3.1% in the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock worth $336,000 after acquiring an additional 20 shares in the last quarter. Invenio Wealth Partners LLC increased its holdings in shares of S&P Global by 4.0% in the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock worth $286,000 after acquiring an additional 22 shares in the last quarter. Retirement Planning Group LLC increased its holdings in shares of S&P Global by 0.4% in the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock worth $2,870,000 after acquiring an additional 22 shares in the last quarter. SeaCrest Wealth Management LLC increased its holdings in shares of S&P Global by 2.1% in the first quarter. SeaCrest Wealth Management LLC now owns 1,132 shares of the business services provider's stock worth $575,000 after acquiring an additional 23 shares in the last quarter. Finally, Gitterman Wealth Management LLC increased its holdings in shares of S&P Global by 5.7% in the fourth quarter. Gitterman Wealth Management LLC now owns 483 shares of the business services provider's stock worth $241,000 after acquiring an additional 26 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president directly owned 5,131 shares of the company's stock, valued at $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Mizuho assumed coverage on S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price target for the company. Oppenheimer increased their price target on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday. Bank of America initiated coverage on S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 price objective for the company. Argus upgraded S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Finally, Robert W. Baird decreased their price objective on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Two 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $593.57.

S&P Global Stock Down 0.8%

SPGI stock traded down $4.18 during mid-day trading on Wednesday, reaching $525.14. The company had a trading volume of 321,226 shares, compared to its average volume of 1,228,714. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a 50 day simple moving average of $509.23 and a two-hundred day simple moving average of $503.75. The company has a market capitalization of $161.06 billion, a price-to-earnings ratio of 41.26, a PEG ratio of 2.57 and a beta of 1.19. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The business's revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $4.01 earnings per share. As a group, equities 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 firm 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 $0.96 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.73%. S&P Global's payout ratio is 30.16%.

About S&P Global

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.