Oregon Public Employees Retirement Fund Sells 204 Shares of S&P Global Inc. (NYSE:SPGI)

Oregon Public Employees Retirement Fund lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.7% during the 4th quarter, HoldingsChannel reports. The fund owned 27,217 shares of the business services provider’s stock after selling 204 shares during the period. Oregon Public Employees Retirement Fund’s holdings in S&P Global were worth $13,555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Impact Investors Inc purchased a new stake in shares of S&P Global in the 4th quarter worth approximately $328,000. Bryn Mawr Capital Management LLC boosted its holdings in S&P Global by 12.3% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 1,697 shares of the business services provider’s stock worth $845,000 after acquiring an additional 186 shares in the last quarter. Nelson Capital Management LLC grew its stake in shares of S&P Global by 4.6% in the fourth quarter. Nelson Capital Management LLC now owns 9,629 shares of the business services provider’s stock worth $4,796,000 after acquiring an additional 426 shares during the last quarter. National Pension Service increased its holdings in shares of S&P Global by 8.3% during the fourth quarter. National Pension Service now owns 627,111 shares of the business services provider’s stock valued at $312,320,000 after acquiring an additional 48,285 shares in the last quarter. Finally, Lake Street Advisors Group LLC raised its position in shares of S&P Global by 0.6% in the 4th quarter. Lake Street Advisors Group LLC now owns 5,003 shares of the business services provider’s stock worth $2,492,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Evercore ISI increased their price objective on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Wells Fargo & Company raised their price target on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Citigroup assumed coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective on the stock. Morgan Stanley lifted their price objective on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, UBS Group boosted their target price on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $590.23.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $533.80 on Wednesday. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. The firm has a market capitalization of $164.30 billion, a price-to-earnings ratio of 43.22, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $511.35 and a 200 day moving average of $510.09.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter in the previous year, the firm posted $3.13 EPS. On average, research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.72%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is 31.09%.

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.