Oregon Public Employees Retirement Fund Raises Position in S&P Global Inc. $SPGI

Oregon Public Employees Retirement Fund increased its holdings in S&P Global Inc. (NYSE:SPGI) by 0.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,137 shares of the business services provider’s stock after buying an additional 100 shares during the period. Oregon Public Employees Retirement Fund’s holdings in S&P Global were worth $14,309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPGI. Cheviot Value Management LLC purchased a new stake in shares of S&P Global in the first quarter worth $26,000. Costello Asset Management INC purchased a new stake in shares of S&P Global in the first quarter worth $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of S&P Global in the second quarter worth $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of S&P Global in the first quarter worth $28,000. Finally, CBIZ Investment Advisory Services LLC raised its position in shares of S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.3%

SPGI opened at $486.39 on Monday. The company has a market cap of $148.49 billion, a P/E ratio of 37.41, a P/E/G ratio of 2.58 and a beta of 1.19. The business’s 50-day moving average price is $529.93 and its 200-day moving average price is $514.33. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The firm had revenue of $1.87 billion for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. On average, equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is presently 29.54%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. JPMorgan Chase & Co. increased their price objective on S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Oppenheimer raised their price target on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a research report on Wednesday, October 8th. Finally, Morgan Stanley raised their price target on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. Based on data from MarketBeat, S&P Global currently has an average rating of “Buy” and an average price target of $614.85.

About S&P Global

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.