AustralianSuper Pty Ltd Sells 107,613 Shares of S&P Global Inc. (NYSE:SPGI)

AustralianSuper Pty Ltd trimmed its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 18.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 489,044 shares of the business services provider's stock after selling 107,613 shares during the quarter. S&P Global accounts for 1.1% of AustralianSuper Pty Ltd's portfolio, making the stock its 13th largest position. AustralianSuper Pty Ltd owned about 0.16% of S&P Global worth $243,559,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SPGI. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global in the third quarter worth approximately $27,000. First Personal Financial Services purchased a new stake in shares of S&P Global in the third quarter worth approximately $29,000. Capital Performance Advisors LLP purchased a new stake in shares of S&P Global in the third quarter worth approximately $31,000. Voisard Asset Management Group Inc. lifted its position in shares of S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider's stock worth $32,000 after purchasing an additional 27 shares in the last quarter. Finally, Dunhill Financial LLC raised its position in S&P Global by 94.4% during the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock valued at $36,000 after acquiring an additional 34 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of analyst reports. Oppenheimer reduced their target price on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. Robert W. Baird lifted their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Stifel Nicolaus lifted their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Wells Fargo & Company lifted their target price on shares of S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Finally, Evercore ISI lifted their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, S&P Global has an average rating of "Moderate Buy" and a consensus target price of $590.23.

S&P Global Stock Performance

Shares of S&P Global stock traded up $3.39 on Tuesday, reaching $543.08. The stock had a trading volume of 1,744,969 shares, compared to its average volume of 1,340,320. The business's 50-day moving average price is $507.92 and its two-hundred day moving average price is $507.77. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The stock has a market cap of $168.52 billion, a P/E ratio of 47.93, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same quarter last year, the company earned $3.13 EPS. On average, sell-side analysts forecast that S&P Global Inc. will post 15.34 EPS for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.71%. This is a positive change from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is 32.13%.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.