New York State Common Retirement Fund Has $239.07 Million Position in S&P Global Inc. (NYSE:SPGI)

New York State Common Retirement Fund lessened its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 542,709 shares of the business services provider's stock after selling 27,829 shares during the period. New York State Common Retirement Fund owned about 0.17% of S&P Global worth $239,074,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. D.B. Root & Company LLC increased its position in S&P Global by 3.6% during the 4th quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider's stock worth $292,000 after purchasing an additional 23 shares in the last quarter. Mayflower Financial Advisors LLC increased its position in S&P Global by 3.3% during the 4th quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider's stock worth $315,000 after purchasing an additional 23 shares in the last quarter. Allworth Financial LP increased its position in S&P Global by 1.8% during the 4th quarter. Allworth Financial LP now owns 1,356 shares of the business services provider's stock worth $598,000 after purchasing an additional 24 shares in the last quarter. Oakworth Capital Inc. increased its position in S&P Global by 31.2% during the 4th quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider's stock worth $44,000 after purchasing an additional 24 shares in the last quarter. Finally, Independence Bank of Kentucky increased its position in S&P Global by 1.7% during the 4th quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider's stock worth $655,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SPGI shares. BMO Capital Markets upped their price objective on shares of S&P Global from $480.00 to $483.00 and gave the stock an "outperform" rating in a research report on Monday, April 1st. Raymond James boosted their target price on shares of S&P Global from $422.00 to $452.00 and gave the stock an "outperform" rating in a report on Tuesday, January 9th. Stifel Nicolaus reduced their target price on shares of S&P Global from $460.00 to $442.00 and set a "buy" rating on the stock in a report on Thursday. Royal Bank of Canada reissued an "outperform" rating and set a $500.00 target price on shares of S&P Global in a report on Friday, February 9th. Finally, Oppenheimer reissued an "outperform" rating and set a $480.00 target price on shares of S&P Global in a report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $462.00.

S&P Global Stock Up 1.1 %

NYSE SPGI traded up $4.37 on Monday, hitting $416.93. 1,114,923 shares of the company were exchanged, compared to its average volume of 1,306,128. The company has a market cap of $133.53 billion, a PE ratio of 50.13, a PEG ratio of 2.32 and a beta of 1.15. S&P Global Inc. has a 12 month low of $338.92 and a 12 month high of $461.16. The stock has a fifty day moving average of $424.73 and a 200-day moving average of $416.36. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.02). The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The firm's revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.54 earnings per share. As a group, analysts forecast that S&P Global Inc. will post 14.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 27th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, February 26th. This is a positive change from S&P Global's previous quarterly dividend of $0.90. This represents a $3.64 annualized dividend and a yield of 0.87%. S&P Global's dividend payout ratio is currently 44.23%.

Insiders Place Their Bets

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the company's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the transaction, the chief executive officer now owns 162,530 shares in the company, valued at $69,032,992.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company's stock.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.