Teachers Retirement System of The State of Kentucky Purchases 3,301 Shares of S&P Global Inc. (NYSE:SPGI)

Teachers Retirement System of The State of Kentucky raised its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 6.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,165 shares of the business services provider's stock after acquiring an additional 3,301 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in S&P Global were worth $25,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank purchased a new position in shares of S&P Global during the 4th quarter worth about $1,725,084,000. GAMMA Investing LLC lifted its holdings in S&P Global by 60,982.3% during the first quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock valued at $1,086,877,000 after purchasing an additional 2,135,599 shares in the last quarter. Northern Trust Corp lifted its holdings 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 in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of S&P Global in the fourth quarter valued at about $238,503,000. Finally, BlueSpruce Investments LP acquired a new stake in S&P Global during the fourth quarter worth about $178,858,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of S&P Global from $587.00 to $595.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Oppenheimer boosted their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Robert W. Baird dropped their price objective on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. boosted their target price on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $601.07.

S&P Global Stock Performance

NYSE SPGI traded up $6.60 during trading hours on Wednesday, hitting $524.41. The company had a trading volume of 473,905 shares, compared to its average volume of 1,218,592. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $545.39. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $517.59 and a 200-day simple moving average of $506.43. The firm has a market cap of $160.84 billion, a P/E ratio of 41.24, a price-to-earnings-growth ratio of 2.52 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The company's quarterly 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. Equities 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 will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.73%. S&P Global's payout ratio is presently 30.16%.

Insider Buying and Selling

In other S&P Global 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 transaction of $255,215.00. Following the completion of the sale, 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 SEC, which is available through this hyperlink. Insiders own 0.10% of the company's stock.

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.