S&P Global Inc. (NYSE:SPGI) Shares Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 6.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,165 shares of the business services provider's stock after purchasing an additional 3,301 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in S&P Global were worth $25,997,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Stegent Equity Advisors Inc. grew its holdings in S&P Global by 3.1% during the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider's stock worth $335,000 after acquiring an additional 20 shares in the last quarter. Invenio Wealth Partners LLC boosted its stake in 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 valued at $286,000 after acquiring an additional 22 shares in the last quarter. Retirement Planning Group LLC grew its holdings in shares of S&P Global by 0.4% during the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock worth $2,870,000 after purchasing an additional 22 shares during the last quarter. Burford Brothers Inc. increased its position in shares of S&P Global by 2.8% during the first quarter. Burford Brothers Inc. now owns 794 shares of the business services provider's stock worth $403,000 after purchasing an additional 22 shares in the last quarter. Finally, SeaCrest Wealth Management LLC lifted its holdings in shares of S&P Global by 2.1% in the 1st quarter. SeaCrest Wealth Management LLC now owns 1,132 shares of the business services provider's stock valued at $575,000 after purchasing an additional 23 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of SPGI stock traded down $3.88 during trading hours on Tuesday, reaching $518.24. 536,074 shares of the company's stock were exchanged, compared to its average volume of 1,218,831. 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 company's 50 day moving average is $517.59 and its two-hundred day moving average is $506.43. The company has a market cap of $158.94 billion, a P/E ratio of 40.73, a price-to-earnings-growth ratio of 2.53 and a beta of 1.19. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last released 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 firm had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. 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. Equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio is currently 30.16%.

Insiders Place Their Bets

In related news, EVP Sally Moore sold 500 shares of the company'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 sale, the executive vice president owned 5,131 shares in the company, valued at $2,619,016.33. This represents a 8.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on SPGI. Argus raised S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Wells Fargo & Company lifted their target price on shares of S&P Global from $627.00 to $632.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. JPMorgan Chase & Co. increased their price target on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research note on Monday. UBS Group lifted their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, Morgan Stanley upped their target price on shares of S&P Global from $587.00 to $595.00 and gave the company an "overweight" rating in a report on Monday, July 7th. 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. Based on data from MarketBeat, S&P Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $601.07.

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.