Illinois Municipal Retirement Fund Sells 704 Shares of S&P Global Inc. $SPGI

Illinois Municipal Retirement Fund cut its position in shares of S&P Global Inc. (NYSE:SPGI) by 6.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,675 shares of the business services provider’s stock after selling 704 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in S&P Global were worth $5,102,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the business. Cheviot Value Management LLC purchased a new position in S&P Global during the first quarter valued at $26,000. Costello Asset Management INC purchased a new stake in S&P Global in the first quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of S&P Global in the 2nd quarter worth $26,000. CBIZ Investment Advisory Services LLC grew its stake in shares of S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 31 shares during the period. Finally, eCIO Inc. purchased a new stake in S&P Global during the first quarter valued at approximately $32,000. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Mizuho raised their price objective on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Morgan Stanley boosted their price target on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, October 9th. Citigroup increased their price objective on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Finally, Wells Fargo & Company boosted their price objective on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $612.38.

S&P Global Stock Down 0.4%

Shares of NYSE:SPGI opened at $495.67 on Thursday. The business’s 50 day moving average is $499.22 and its 200 day moving average is $516.89. The stock has a market cap of $150.09 billion, a P/E ratio of 38.13, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34.

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

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be issued a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s payout ratio is currently 27.93%.

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.