United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Sells 59,201 Shares of S&P Global Inc. (NYSE:SPGI)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 45.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,152 shares of the business services provider's stock after selling 59,201 shares during the period. S&P Global accounts for about 1.4% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's portfolio, making the stock its 27th biggest position. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in S&P Global were worth $35,934,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SPGI. Banco BTG Pactual S.A. increased its position in S&P Global by 180.3% in the 4th quarter. Banco BTG Pactual S.A. now owns 2,186 shares of the business services provider's stock valued at $1,083,000 after buying an additional 1,406 shares in the last quarter. Financial Counselors Inc. grew its stake in S&P Global by 0.4% in the fourth quarter. Financial Counselors Inc. now owns 12,652 shares of the business services provider's stock valued at $6,301,000 after acquiring an additional 50 shares during the period. UNIVEST FINANCIAL Corp increased its holdings in shares of S&P Global by 2.4% during the fourth quarter. UNIVEST FINANCIAL Corp now owns 33,770 shares of the business services provider's stock valued at $16,819,000 after acquiring an additional 777 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of S&P Global during the fourth quarter worth approximately $300,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of S&P Global by 1.6% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 243,707 shares of the business services provider's stock worth $121,373,000 after purchasing an additional 3,801 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

A number of analysts have commented on SPGI shares. BMO Capital Markets boosted their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Citigroup initiated coverage on shares of S&P Global in a research report on Friday, December 20th. They set a "buy" rating and a $600.00 target price for the company. Evercore ISI raised their price target on shares of S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Oppenheimer decreased their price objective on S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Finally, Morgan Stanley increased their price objective on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $590.86.

S&P Global Stock Performance

NYSE SPGI traded down $6.31 during trading hours on Friday, reaching $502.33. 1,140,449 shares of the company were exchanged, compared to its average volume of 1,220,368. The stock has a market capitalization of $157.65 billion, a P/E ratio of 40.67, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The business's 50 day simple moving average is $515.20 and its 200-day simple moving average is $510.14.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter last year, the company posted $3.13 earnings per share. On average, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.96 per share. This is an increase from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.76%. S&P Global's dividend payout ratio is presently 31.09%.

S&P Global Company 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.