California State Teachers Retirement System Trims Stake in S&P Global Inc. (SPGI)

California State Teachers Retirement System decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 9.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 475,347 shares of the business services provider’s stock after selling 49,579 shares during the period. California State Teachers Retirement System owned approximately 0.18% of S&P Global worth $69,395,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of SPGI. BlackRock Inc. boosted its holdings in shares of S&P Global by 1,866.9% in the first quarter. BlackRock Inc. now owns 15,452,706 shares of the business services provider’s stock worth $2,020,285,000 after buying an additional 14,667,076 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of S&P Global by 4,882.5% in the second quarter. Janus Henderson Group PLC now owns 1,745,016 shares of the business services provider’s stock worth $254,755,000 after buying an additional 1,709,993 shares during the period. Marshall Wace North America L.P. acquired a new position in shares of S&P Global in the first quarter worth about $170,025,000. AJO LP acquired a new position in shares of S&P Global in the second quarter worth about $130,724,000. Finally, Vanguard Group Inc. boosted its holdings in shares of S&P Global by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,395,347 shares of the business services provider’s stock worth $2,535,747,000 after buying an additional 740,631 shares during the period. Institutional investors own 85.34% of the company’s stock.

In related news, SVP Nancy Luquette sold 860 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total value of $130,290.00. Following the completion of the transaction, the senior vice president now directly owns 106 shares in the company, valued at approximately $16,059. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by insiders.

Shares of S&P Global Inc. (NYSE:SPGI) traded down 0.12% on Tuesday, hitting $158.98. 212,154 shares of the company’s stock traded hands. S&P Global Inc. has a 1-year low of $107.21 and a 1-year high of $160.00. The company has a market cap of $40.86 billion, a price-to-earnings ratio of 18.52 and a beta of 1.50. The firm’s 50-day moving average price is $154.43 and its 200 day moving average price is $145.30.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.15. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the firm earned $1.44 EPS. S&P Global’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts expect that S&P Global Inc. will post $6.35 earnings per share for the current year.

Several research analysts have commented on SPGI shares. Morgan Stanley raised their target price on shares of S&P Global from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Friday. Zacks Investment Research cut shares of S&P Global from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. BMO Capital Markets raised their target price on shares of S&P Global from $161.00 to $164.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Finally, Barclays PLC raised their target price on shares of S&P Global from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 15th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $159.00.

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About S&P Global

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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