Illinois Municipal Retirement Fund Buys 2,174 Shares of S&P Global Inc. (NYSE:SPGI)

Illinois Municipal Retirement Fund lifted its stake in S&P Global Inc. (NYSE:SPGI) by 37.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,044 shares of the business services provider’s stock after acquiring an additional 2,174 shares during the period. Illinois Municipal Retirement Fund’s holdings in S&P Global were worth $3,544,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. D.B. Root & Company LLC boosted its stake in S&P Global by 3.6% during the fourth quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock valued at $292,000 after buying an additional 23 shares during the period. Mayflower Financial Advisors LLC boosted its stake in S&P Global by 3.3% during the fourth quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock valued at $315,000 after buying an additional 23 shares during the period. Allworth Financial LP boosted its stake in S&P Global by 1.8% during the fourth quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock valued at $598,000 after buying an additional 24 shares during the period. Oakworth Capital Inc. boosted its stake in S&P Global by 31.2% during the fourth quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock valued at $44,000 after buying an additional 24 shares during the period. Finally, Independence Bank of Kentucky boosted its stake in S&P Global by 1.7% during the fourth quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock valued at $655,000 after buying an additional 25 shares during the period. 87.17% of the stock is owned by institutional investors.

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Trading Up 0.0 %

SPGI opened at $413.28 on Thursday. The business has a 50 day simple moving average of $424.13 and a two-hundred day simple moving average of $417.08. The firm has a market capitalization of $132.36 billion, a price-to-earnings ratio of 50.22, a PEG ratio of 2.32 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. S&P Global Inc. has a one year low of $338.92 and a one year high of $461.16.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.54 EPS. Analysts predict that S&P Global Inc. will post 14.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SPGI shares. Raymond James upped their price objective on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a report on Friday, February 9th. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Stifel Nicolaus cut their price objective on S&P Global from $460.00 to $442.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Finally, Barclays boosted their target price on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $462.00.

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.