Utah Retirement Systems Has $25.87 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Utah Retirement Systems grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,950 shares of the business services provider’s stock after acquiring an additional 200 shares during the period. Utah Retirement Systems’ holdings in S&P Global were worth $25,873,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Human Investing LLC acquired a new stake in S&P Global during the fourth quarter worth approximately $30,000. Noble Wealth Management PBC bought a new position in shares of S&P Global during the fourth quarter worth approximately $31,000. Hazlett Burt & Watson Inc. increased its holdings in shares of S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after purchasing an additional 38 shares during the period. Sound Income Strategies LLC increased its holdings in shares of S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after purchasing an additional 63 shares during the period. Finally, BankPlus Trust Department bought a new position in shares of S&P Global during the fourth quarter worth approximately $40,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Evercore ISI raised their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Oppenheimer decreased their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. UBS Group lifted their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Bank of America began coverage on shares of S&P Global in a research note on Thursday, April 10th. They issued a “buy” rating and a $600.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $591.86.

S&P Global Stock Performance

Shares of S&P Global stock opened at $491.79 on Wednesday. The firm has a market capitalization of $154.34 billion, a P/E ratio of 39.82, a P/E/G ratio of 2.41 and a beta of 1.26. The company’s 50 day moving average price is $490.21 and its two-hundred day moving average price is $502.51. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a fifty-two week low of $408.84 and a fifty-two week high of $545.39.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. S&P Global’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.01 earnings per share. On average, equities analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global 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.