New York State Teachers Retirement System Has $129.85 Million Holdings in S&P Global Inc. $SPGI

New York State Teachers Retirement System raised its stake in S&P Global Inc. (NYSE:SPGI) by 0.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 246,262 shares of the business services provider’s stock after buying an additional 477 shares during the quarter. New York State Teachers Retirement System’s holdings in S&P Global were worth $129,851,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cheviot Value Management LLC acquired a new stake in shares of S&P Global during the 1st quarter worth approximately $26,000. Costello Asset Management INC acquired a new position in S&P Global during the first quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in S&P Global in the second quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC bought a new position in S&P Global in the first quarter valued at approximately $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after buying an additional 31 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Down 0.8%

SPGI stock opened at $482.74 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The company’s 50-day simple moving average is $525.15 and its 200 day simple moving average is $513.76. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The company has a market capitalization of $147.38 billion, a PE ratio of 37.13, a price-to-earnings-growth ratio of 2.58 and a beta of 1.19.

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

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s dividend payout ratio is currently 29.54%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Citigroup boosted their price objective on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Evercore ISI boosted their target price on shares of S&P Global from $613.00 to $619.00 and gave the stock an “outperform” rating in a report on Tuesday. Barclays boosted their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. BMO Capital Markets increased their price objective on shares of S&P Global from $604.00 to $621.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, Morgan Stanley increased their price objective on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. Based on data from MarketBeat, S&P Global presently has a consensus rating of “Buy” and an average target price of $615.69.

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.