Louisiana State Employees Retirement System Sells 100 Shares of S&P Global Inc. (NYSE:SPGI)

Louisiana State Employees Retirement System trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,000 shares of the business services provider’s stock after selling 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in S&P Global were worth $9,299,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SPGI. Capital International Investors boosted its stake in S&P Global by 5.3% during the first quarter. Capital International Investors now owns 5,793,751 shares of the business services provider’s stock worth $2,464,951,000 after acquiring an additional 291,712 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of S&P Global by 1.0% during the second quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock valued at $1,260,665,000 after purchasing an additional 29,227 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of S&P Global by 13.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock worth $1,115,697,000 after purchasing an additional 298,645 shares in the last quarter. Sustainable Growth Advisers LP grew its stake in shares of S&P Global by 2.1% in the 1st quarter. Sustainable Growth Advisers LP now owns 2,199,754 shares of the business services provider’s stock worth $935,885,000 after buying an additional 46,131 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position in S&P Global by 1.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,461,169 shares of the business services provider’s stock valued at $651,682,000 after buying an additional 20,624 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Performance

NYSE:SPGI opened at $490.61 on Friday. The stock has a 50-day moving average price of $513.83 and a 200 day moving average price of $470.17. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $533.29. The stock has a market capitalization of $153.56 billion, a P/E ratio of 46.50, a P/E/G ratio of 2.76 and a beta of 1.18.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. S&P Global’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the company posted $3.21 earnings per share. Equities research analysts forecast that S&P Global Inc. will post 14.79 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is presently 34.50%.

Insider Buying and Selling at S&P Global

In other news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the sale, the director now directly owns 15,830 shares of the company’s stock, valued at $7,618,662.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the sale, the chief executive officer now directly owns 154,912 shares in the company, valued at $74,915,443.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the transaction, the director now directly owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,862 shares of company stock worth $8,645,727 in the last quarter. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SPGI shares. Bank of America boosted their target price on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. BMO Capital Markets lowered their price target on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday. Royal Bank of Canada lifted their price objective on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Robert W. Baird boosted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $569.77.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.