Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $33.62 Million Position in S&P Global Inc. (NYSE:SPGI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in S&P Global Inc. (NYSE:SPGI) by 3.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 67,510 shares of the business services provider’s stock after selling 2,194 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in S&P Global were worth $33,622,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in SPGI. Swedbank AB increased its position in S&P Global by 11.8% in the 3rd quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock worth $450,280,000 after buying an additional 92,115 shares during the period. Howard Capital Management Group LLC increased its position in S&P Global by 3.2% in the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock worth $471,000 after buying an additional 28 shares during the period. Thrivent Financial for Lutherans increased its position in S&P Global by 208.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 45,371 shares of the business services provider’s stock worth $23,440,000 after buying an additional 30,679 shares during the period. Fifth Third Wealth Advisors LLC increased its position in S&P Global by 2.6% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 3,967 shares of the business services provider’s stock worth $2,050,000 after buying an additional 100 shares during the period. Finally, Avior Wealth Management LLC increased its position in shares of S&P Global by 18.4% during the third quarter. Avior Wealth Management LLC now owns 450 shares of the business services provider’s stock valued at $232,000 after purchasing an additional 70 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

S&P Global stock opened at $495.40 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $152.48 billion, a P/E ratio of 40.11, a P/E/G ratio of 2.41 and a beta of 1.20. The business’s fifty day moving average is $513.53 and its two-hundred day moving average is $510.62. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period last year, the company earned $3.13 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.78%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 31.09%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SPGI shares. Mizuho started coverage on S&P Global in a research report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price objective on the stock. BMO Capital Markets boosted their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Wells Fargo & Company boosted their price objective on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Morgan Stanley boosted their price objective on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Finally, Evercore ISI boosted their price objective on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $590.86.

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.