Public Employees Retirement Association of Colorado reduced its stake in S&P Global Inc. (NYSE:SPGI) by 6.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,227 shares of the business services provider’s stock after selling 3,248 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in S&P Global were worth $7,382,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Penserra Capital Management LLC acquired a new position in S&P Global in the 2nd quarter worth approximately $106,000. GQG Partners LLC acquired a new position in S&P Global in the 2nd quarter worth approximately $160,000. Parallel Advisors LLC increased its holdings in S&P Global by 8.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,057 shares of the business services provider’s stock worth $162,000 after buying an additional 86 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in S&P Global in the 2nd quarter worth approximately $185,000. Finally, W. E. Donoghue & Co. LLC acquired a new position in S&P Global in the 2nd quarter worth approximately $200,000. 85.47% of the stock is owned by hedge funds and other institutional investors.
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Several equities analysts recently weighed in on the stock. Cantor Fitzgerald reiterated a “buy” rating and issued a $177.00 price target on shares of S&P Global in a report on Thursday, October 26th. BMO Capital Markets downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating and set a $166.00 price target on the stock. in a report on Friday, October 27th. Wells Fargo & Company increased their price target on shares of S&P Global from $159.00 to $165.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Barclays PLC increased their price target on shares of S&P Global from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, October 27th. Finally, UBS AG increased their price target 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. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $164.75.
Shares of S&P Global Inc. (NYSE SPGI) opened at $158.69 on Friday. The company has a market capitalization of $40,465.95, a P/E ratio of 25.07, a P/E/G ratio of 1.91 and a beta of 1.51. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.52 and a current ratio of 1.52.
S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 26th. The business services provider reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.19. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.45 billion. S&P Global had a net margin of 30.15% and a return on equity of 187.30%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.43 EPS. research analysts predict that S&P Global Inc. will post 6.64 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, November 27th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.03%. S&P Global’s payout ratio is 24.08%.
In other news, SVP Nancy Luquette sold 860 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $151.50, for a total transaction of $130,290.00. Following the sale, the senior vice president now owns 106 shares of the company’s stock, valued at approximately $16,059. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by company insiders.
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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