California State Teachers Retirement System lessened its stake in shares of S&P Global Inc (NYSE:SPGI) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 428,542 shares of the business services provider’s stock after selling 5,562 shares during the period. California State Teachers Retirement System owned approximately 0.17% of S&P Global worth $72,595,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in SPGI. USA Mutuals Advisors Inc. purchased a new stake in S&P Global during the 4th quarter worth approximately $108,000. Truewealth LLC acquired a new stake in S&P Global during the 4th quarter valued at approximately $112,000. Financial Gravity Companies Inc. acquired a new stake in S&P Global during the 4th quarter valued at approximately $115,000. Cerebellum GP LLC acquired a new stake in S&P Global during the 4th quarter valued at approximately $129,000. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in S&P Global by 89.8% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 837 shares of the business services provider’s stock valued at $142,000 after acquiring an additional 396 shares during the period. 85.65% of the stock is currently owned by institutional investors.
S&P Global Inc (SPGI) opened at $195.96 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.13. S&P Global Inc has a 12 month low of $127.28 and a 12 month high of $196.71. The stock has a market cap of $49,750.00, a price-to-earnings ratio of 30.86, a P/E/G ratio of 1.58 and a beta of 1.41.
The company also recently announced a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Monday, February 26th were paid a $0.50 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.41. This represents a $2.00 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, February 23rd. S&P Global’s payout ratio is currently 31.50%.
In related news, CEO Douglas L. Peterson sold 4,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $187.30, for a total value of $749,200.00. Following the completion of the transaction, the chief executive officer now directly owns 145,850 shares in the company, valued at approximately $27,317,705. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John L. Berisford sold 15,902 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $192.19, for a total transaction of $3,056,205.38. Following the completion of the transaction, the insider now owns 25,455 shares of the company’s stock, valued at $4,892,196.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,792 shares of company stock valued at $3,973,197. Company insiders own 0.20% of the company’s stock.
SPGI has been the subject of several research reports. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $204.00 price objective for the company in a research note on Tuesday, January 23rd. ValuEngine cut shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Barclays lifted their price objective on shares of S&P Global from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Argus lifted their price objective on shares of S&P Global to $210.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Finally, Cantor Fitzgerald lifted their price objective on shares of S&P Global from $190.00 to $196.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $190.36.
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S&P Global Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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