S&P Global Inc (SPGI) Shares Sold by New Mexico Educational Retirement Board

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New Mexico Educational Retirement Board decreased its stake in shares of S&P Global Inc (NYSE:SPGI) by 2.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,926 shares of the business services provider’s stock after selling 500 shares during the period. New Mexico Educational Retirement Board’s holdings in S&P Global were worth $4,406,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Kistler Tiffany Companies LLC lifted its position in S&P Global by 220.0% during the first quarter. Kistler Tiffany Companies LLC now owns 160 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 110 shares during the period. Busey Wealth Management bought a new position in S&P Global during the first quarter valued at approximately $218,000. Shine Investment Advisory Services Inc. lifted its position in S&P Global by 25.2% during the first quarter. Shine Investment Advisory Services Inc. now owns 1,092 shares of the business services provider’s stock valued at $230,000 after purchasing an additional 220 shares during the period. Pennsylvania Trust Co lifted its position in S&P Global by 13,850.4% during the first quarter. Pennsylvania Trust Co now owns 414,745 shares of the business services provider’s stock valued at $36,282,000 after purchasing an additional 411,772 shares during the period. Finally, TIAA FSB lifted its position in S&P Global by 1.8% during the first quarter. TIAA FSB now owns 18,689 shares of the business services provider’s stock valued at $3,935,000 after purchasing an additional 326 shares during the period. Institutional investors own 84.22% of the company’s stock.

SPGI has been the topic of several recent research reports. UBS Group increased their price target on shares of S&P Global from $205.00 to $226.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Atlantic Securities upgraded shares of S&P Global from a “neutral” rating to an “overweight” rating and set a $210.00 price target on the stock in a research report on Friday, January 11th. Raymond James decreased their price target on shares of S&P Global from $215.00 to $209.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 8th. Zacks Investment Research downgraded shares of S&P Global from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Finally, Morgan Stanley set a $193.00 price target on shares of S&P Global and gave the stock a “hold” rating in a research report on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $212.18.

In other news, CEO Alexander Matturri, Jr. sold 1,790 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $205.88, for a total transaction of $368,525.20. Following the sale, the chief executive officer now directly owns 19,478 shares in the company, valued at approximately $4,010,130.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Alexander Matturri, Jr. sold 1,791 shares of the firm’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $195.74, for a total transaction of $350,570.34. Following the sale, the chief executive officer now owns 17,354 shares in the company, valued at $3,396,871.96. The disclosure for this sale can be found here. Insiders have sold a total of 19,041 shares of company stock worth $3,805,815 over the last 90 days. Insiders own 0.20% of the company’s stock.

SPGI opened at $216.95 on Wednesday. The company has a debt-to-equity ratio of 5.35, a quick ratio of 1.37 and a current ratio of 1.37. S&P Global Inc has a 1-year low of $156.68 and a 1-year high of $217.94. The company has a market capitalization of $53.27 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 1.36 and a beta of 1.16.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, February 7th. The business services provider reported $2.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.02. S&P Global had a net margin of 31.30% and a return on equity of 367.09%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period last year, the firm earned $1.85 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. On average, equities analysts anticipate that S&P Global Inc will post 9.03 EPS for the current year.

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S&P Global Profile

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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