S&P Global Inc. (SPGI) Stake Decreased by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 401,631 shares of the business services provider’s stock after selling 1,250 shares during the quarter. New York State Teachers Retirement System owned approximately 0.16% of S&P Global worth $62,779,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial For Lutherans boosted its holdings in S&P Global by 5.2% in the first quarter. Thrivent Financial For Lutherans now owns 9,490 shares of the business services provider’s stock worth $1,241,000 after purchasing an additional 470 shares during the period. Caldera Capital LLC boosted its holdings in S&P Global by 99.7% in the first quarter. Caldera Capital LLC now owns 116,445 shares of the business services provider’s stock worth $15,224,000 after purchasing an additional 58,131 shares during the period. Flagship Harbor Advisors LLC acquired a new position in S&P Global in the first quarter worth $243,000. HighTower Advisors LLC boosted its holdings in S&P Global by 457.2% in the first quarter. HighTower Advisors LLC now owns 13,530 shares of the business services provider’s stock worth $1,769,000 after purchasing an additional 11,102 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in S&P Global by 13.9% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,995 shares of the business services provider’s stock worth $1,176,000 after purchasing an additional 1,095 shares during the period. 85.47% of the stock is owned by institutional investors and hedge funds.

Shares of S&P Global Inc. (SPGI) traded up 0.105% during trading on Wednesday, hitting $156.635. 743,243 shares of the stock traded hands. The company has a market cap of $40.26 billion, a price-to-earnings ratio of 18.249 and a beta of 1.50. The firm’s 50-day moving average price is $158.20 and its 200-day moving average price is $148.81. S&P Global Inc. has a 52 week low of $107.21 and a 52 week high of $166.17.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.19. S&P Global had a return on equity of 187.30% and a net margin of 30.15%. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that S&P Global Inc. will post $6.60 earnings per share for the current year.

A number of equities analysts have commented on SPGI shares. Zacks Investment Research raised shares of S&P Global from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a report on Tuesday, August 29th. UBS AG lifted their price objective on shares of S&P Global from $173.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Barclays PLC lifted their price objective 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. BidaskClub downgraded shares of S&P Global from a “strong-buy” rating to a “buy” rating in a report on Friday, October 20th. Finally, BMO Capital Markets lifted their price objective 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. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. S&P Global has a consensus rating of “Buy” and an average price target of $164.75.

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In other S&P Global news, SVP Nancy Luquette sold 860 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly owns 106 shares in the company, valued at $16,059. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

S&P Global Company Profile

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.

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

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