Retirement Systems of Alabama Has $21.048 Million Position in S&P Global Inc (SPGI)

Retirement Systems of Alabama boosted its position in shares of S&P Global Inc (NYSE:SPGI) by 1.6% during the first quarter, Holdings Channel reports. The firm owned 160,991 shares of the business services provider’s stock after buying an additional 2,600 shares during the period. Retirement Systems of Alabama owned 0.06% of S&P Global worth $21,048,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp raised its position in S&P Global by 5.8% in the fourth quarter. State Street Corp now owns 14,171,841 shares of the business services provider’s stock worth $1,524,046,000 after buying an additional 772,003 shares during the period. Independent Franchise Partners LLP raised its position in S&P Global by 1.6% in the third quarter. Independent Franchise Partners LLP now owns 5,022,450 shares of the business services provider’s stock worth $635,641,000 after buying an additional 80,629 shares during the period. Principal Financial Group Inc. raised its position in S&P Global by 2.1% in the third quarter. Principal Financial Group Inc. now owns 3,265,728 shares of the business services provider’s stock worth $413,311,000 after buying an additional 67,458 shares during the period. Janus Capital Management LLC raised its position in S&P Global by 2.6% in the fourth quarter. Janus Capital Management LLC now owns 2,495,285 shares of the business services provider’s stock worth $268,491,000 after buying an additional 62,911 shares during the period. Finally, Third Point LLC raised its position in S&P Global by 25.0% in the third quarter. Third Point LLC now owns 2,000,000 shares of the business services provider’s stock worth $253,120,000 after buying an additional 400,000 shares during the period. Institutional investors own 86.33% of the company’s stock.

Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

Shares of S&P Global Inc (NYSE:SPGI) traded down 0.27% during midday trading on Friday, reaching $131.52. 1,273,065 shares of the company were exchanged. S&P Global Inc has a 12-month low of $97.65 and a 12-month high of $133.08. The company has a 50 day moving average price of $129.99 and a 200-day moving average price of $122.62. The stock has a market capitalization of $33.98 billion, a P/E ratio of 16.56 and a beta of 1.49.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 7th. The business services provider reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.09. S&P Global had a return on equity of 297.85% and a net margin of 37.20%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the firm posted $0.91 EPS. S&P Global’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, analysts forecast that S&P Global Inc will post $6.03 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece was reported by Ticker Report and is owned by of Ticker Report. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/2485838/retirement-systems-of-alabama-has-21-048-million-position-in-sp-global-inc-spgi.html.

SPGI has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Tuesday, April 11th. Cantor Fitzgerald set a $139.00 price objective on shares of S&P Global and gave the company a “buy” rating in a research report on Tuesday, February 7th. Barclays PLC restated an “overweight” rating and issued a $140.00 price objective (up from $130.00) on shares of S&P Global in a research report on Thursday, February 9th. Piper Jaffray Companies restated an “overweight” rating and issued a $160.00 price objective (up from $137.00) on shares of S&P Global in a research report on Thursday, February 9th. Finally, Raymond James Financial, Inc. raised shares of S&P Global from a “market perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research note on Monday. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $139.22.

In other S&P Global news, insider John L. Berisford sold 28,603 shares of the stock in a transaction on Friday, February 24th. The stock was sold at an average price of $130.40, for a total value of $3,729,831.20. Following the sale, the insider now owns 46,863 shares in the company, valued at $6,110,935.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Stephanie C. Hill bought 400 shares of S&P Global stock in a transaction on Wednesday, March 15th. The stock was acquired at an average price of $130.85 per share, for a total transaction of $52,340.00. Following the purchase, the director now owns 400 shares of the company’s stock, valued at $52,340. The disclosure for this purchase can be found here. Company insiders own 0.60% 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.

5 Day Chart for NYSE:SPGI

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc (NYSE:SPGI).

Receive News & Ratings for S&P Global Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Mattel CEO Promises Growth Following Sales Slump
Mattel CEO Promises Growth Following Sales Slump
Burberry Misses Estimates on Sales
Burberry Misses Estimates on Sales
Snapchat: CEO Did Not Label India as Being Poor
Snapchat: CEO Did Not Label India as Being Poor
Credit Suisse Slashes Bonuses by 40%
Credit Suisse Slashes Bonuses by 40%
Daily Mail to Pay Melania Trump $3 Million
Daily Mail to Pay Melania Trump $3 Million
New York Approves Free College Tuition
New York Approves Free College Tuition


Leave a Reply

© 2006-2017 Ticker Report. Google+.