S&P Global Inc. $SPGI Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 9.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 124,243 shares of the business services provider’s stock after selling 12,687 shares during the period. Teacher Retirement System of Texas’ holdings in S&P Global were worth $65,512,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SPGI. Brighton Jones LLC grew its holdings in shares of S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after buying an additional 143 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of S&P Global by 20.2% during the first quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider’s stock worth $2,139,000 after buying an additional 708 shares in the last quarter. Jaffetilchin Investment Partners LLC grew its holdings in shares of S&P Global by 11.0% during the first quarter. Jaffetilchin Investment Partners LLC now owns 704 shares of the business services provider’s stock worth $358,000 after buying an additional 70 shares in the last quarter. 3Chopt Investment Partners LLC purchased a new stake in shares of S&P Global during the first quarter worth $532,000. Finally, Confluence Wealth Services Inc. grew its holdings in shares of S&P Global by 1.5% during the first quarter. Confluence Wealth Services Inc. now owns 2,005 shares of the business services provider’s stock worth $943,000 after buying an additional 30 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Up 1.3%

Shares of SPGI opened at $489.02 on Monday. 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. The firm has a 50-day moving average price of $514.03 and a 200 day moving average price of $514.59. The firm has a market capitalization of $149.30 billion, a P/E ratio of 37.62, a P/E/G ratio of 2.59 and a beta of 1.19.

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

S&P Global Announces Dividend

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

Analysts Set New Price Targets

SPGI has been the subject of a number of research reports. BMO Capital Markets dropped their target price on shares of S&P Global from $621.00 to $558.00 and set an “outperform” rating for the company in a report on Thursday, October 16th. Barclays upped their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Morgan Stanley upped their target price on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, October 9th. UBS Group upped their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to data from MarketBeat, S&P Global has a consensus rating of “Buy” and an average target price of $614.23.

S&P Global Company 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.