Retirement Systems of Alabama Sells 2,171 Shares of S&P Global Inc. (NYSE:SPGI)

Retirement Systems of Alabama cut its position in shares of S&P Global Inc. (NYSE:SPGI) by 3.0% in the fourth quarter, HoldingsChannel reports. The firm owned 71,406 shares of the business services provider’s stock after selling 2,171 shares during the period. Retirement Systems of Alabama’s holdings in S&P Global were worth $31,456,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. HHM Wealth Advisors LLC raised its position in S&P Global by 35.5% during the 4th quarter. HHM Wealth Advisors LLC now owns 229 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 60 shares in the last quarter. Little House Capital LLC bought a new stake in S&P Global during the 4th quarter valued at $559,000. Legacy Capital Wealth Partners LLC raised its position in S&P Global by 3.5% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 2,051 shares of the business services provider’s stock valued at $904,000 after purchasing an additional 69 shares in the last quarter. Paradigm Financial Partners LLC raised its position in S&P Global by 1.5% during the 4th quarter. Paradigm Financial Partners LLC now owns 6,049 shares of the business services provider’s stock valued at $2,665,000 after purchasing an additional 89 shares in the last quarter. Finally, Stonebrook Private Inc. bought a new stake in S&P Global during the 4th quarter valued at $675,000. 87.17% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the transaction, the chief executive officer now directly owns 162,530 shares in the company, valued at approximately $69,032,992.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.10% of the stock is owned by company insiders.

S&P Global Stock Up 0.1 %

Shares of SPGI stock opened at $415.78 on Monday. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $461.16. The stock’s fifty day moving average price is $423.79 and its 200 day moving average price is $418.07. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $130.10 billion, a price-to-earnings ratio of 46.61, a price-to-earnings-growth ratio of 2.35 and a beta of 1.15.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.39 billion. On average, research analysts expect that S&P Global Inc. will post 14.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SPGI shares. Barclays lifted their target price on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. BMO Capital Markets lifted their price target on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a report on Friday, February 9th. Oppenheimer lifted their price target on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a report on Friday. Finally, Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average target price of $462.60.

S&P Global 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.