Public Employees Retirement Association of Colorado Trims Stake in S&P Global Inc. (NYSE:SPGI)

Public Employees Retirement Association of Colorado reduced its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,173 shares of the business services provider's stock after selling 1,401 shares during the period. Public Employees Retirement Association of Colorado's holdings in S&P Global were worth $21,501,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of S&P Global during the fourth quarter valued at $1,725,084,000. Raymond James Financial Inc. purchased a new stake in S&P Global during the fourth quarter valued at approximately $527,207,000. Proficio Capital Partners LLC increased its holdings in S&P Global by 71,024.1% during the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock valued at $308,525,000 after buying an additional 618,620 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in S&P Global during the fourth quarter valued at approximately $144,091,000. Finally, APG Asset Management N.V. increased its holdings in S&P Global by 1,384.4% during the fourth quarter. APG Asset Management N.V. now owns 290,500 shares of the business services provider's stock valued at $139,718,000 after buying an additional 270,930 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

SPGI stock traded down $0.56 during trading on Thursday, hitting $499.49. 1,577,315 shares of the company's stock traded hands, compared to its average volume of 1,229,237. S&P Global Inc. has a 52 week low of $408.84 and a 52 week high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The business has a fifty day simple moving average of $489.55 and a 200 day simple moving average of $502.49. The stock has a market capitalization of $156.76 billion, a price-to-earnings ratio of 40.44, a P/E/G ratio of 2.41 and a beta of 1.26.

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 EPS for the quarter, beating the consensus estimate of $4.23 by $0.14. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the business earned $4.01 earnings per share. S&P Global's quarterly revenue was up 8.2% compared to the same quarter last year. As a group, research analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on SPGI shares. UBS Group upped their target price on shares of S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a report on Wednesday. StockNews.com lowered shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. BMO Capital Markets upped their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Bank of America assumed coverage on shares of S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target for the company. Finally, Evercore ISI upped their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, S&P Global presently has an average rating of "Moderate Buy" and an average target price of $592.71.

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.