New Mexico Educational Retirement Board Decreases Position in S&P Global Inc. (SPGI)

New Mexico Educational Retirement Board decreased its position in S&P Global Inc. (NYSE:SPGI) by 8.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,926 shares of the business services provider’s stock after selling 2,300 shares during the period. New Mexico Educational Retirement Board’s holdings in S&P Global were worth $3,675,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Advisory Services Network LLC purchased a new position in shares of S&P Global during the first quarter worth about $101,000. American Beacon Advisors Inc. purchased a new position in shares of S&P Global during the first quarter worth about $103,000. State of Alaska Department of Revenue purchased a new position in shares of S&P Global during the first quarter worth about $125,000. Parallel Advisors LLC boosted its position in shares of S&P Global by 5.4% in the first quarter. Parallel Advisors LLC now owns 971 shares of the business services provider’s stock worth $131,000 after buying an additional 50 shares in the last quarter. Finally, Guardian Life Insurance Co. of America boosted its position in shares of S&P Global by 1.0% in the first quarter. Guardian Life Insurance Co. of America now owns 999 shares of the business services provider’s stock worth $131,000 after buying an additional 10 shares in the last quarter. 84.35% of the stock is owned by institutional investors and hedge funds.

S&P Global Inc. (NYSE:SPGI) traded up 0.09% on Friday, hitting $150.10. 1,615,666 shares of the stock traded hands. S&P Global Inc. has a 1-year low of $107.21 and a 1-year high of $158.35. The company has a market cap of $38.58 billion, a price-to-earnings ratio of 17.49 and a beta of 1.52. The stock has a 50-day moving average price of $150.57 and a 200 day moving average price of $138.54.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.46 billion. S&P Global had a net margin of 38.78% and a return on equity of 202.37%. S&P Global’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.44 EPS. On average, analysts anticipate that S&P Global Inc. will post $6.34 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.64 annualized dividend and a dividend yield of 1.09%. S&P Global’s dividend payout ratio is currently 19.16%.

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SPGI has been the subject of a number of analyst reports. Barclays PLC boosted their price objective on shares of S&P Global from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, June 28th. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a report on Monday, July 17th. BMO Capital Markets boosted their price objective on shares of S&P Global from $161.00 to $164.00 and gave the company an “outperform” rating in a report on Friday, July 28th. UBS AG boosted their price objective on shares of S&P Global from $154.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 28th. Finally, Morgan Stanley restated an “equal weight” rating and set a $146.00 price objective (up previously from $145.00) on shares of S&P Global in a report on Friday, July 14th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $153.73.

In related news, Director Marco Alvera acquired 400 shares of the stock in a transaction dated Tuesday, May 30th. The stock was bought at an average price of $140.09 per share, for a total transaction of $56,036.00. Following the purchase, the director now directly owns 400 shares of the company’s stock, valued at approximately $56,036. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company’s stock.

S&P Global Company Profile

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.