UniSuper Management Pty Ltd lifted its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 30.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,193 shares of the business services provider's stock after buying an additional 4,485 shares during the quarter. UniSuper Management Pty Ltd's holdings in S&P Global were worth $9,559,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. Howard Capital Management Group LLC raised its position in shares of S&P Global by 3.2% during the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock valued at $471,000 after buying an additional 28 shares during the last quarter. Great Valley Advisor Group Inc. increased its holdings in S&P Global by 11.7% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 591 shares of the business services provider's stock valued at $305,000 after acquiring an additional 62 shares during the last quarter. Larson Financial Group LLC increased its holdings in S&P Global by 471.1% in the 3rd quarter. Larson Financial Group LLC now owns 217 shares of the business services provider's stock valued at $112,000 after acquiring an additional 179 shares during the last quarter. Fisher Asset Management LLC lifted its stake in S&P Global by 8.2% in the 3rd quarter. Fisher Asset Management LLC now owns 6,519 shares of the business services provider's stock worth $3,368,000 after purchasing an additional 492 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of S&P Global during the 3rd quarter valued at about $2,520,000. 87.17% of the stock is owned by hedge funds and other institutional investors.
S&P Global Trading Up 1.1 %
Shares of NYSE:SPGI traded up $5.57 on Monday, hitting $508.08. 486,199 shares of the company's stock were exchanged, compared to its average volume of 1,217,586. The stock has a market capitalization of $159.46 billion, a price-to-earnings ratio of 41.09, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The business's 50 day simple moving average is $515.20 and its two-hundred day simple moving average is $510.10.
S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the business posted $3.13 earnings per share. Analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.
S&P Global Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This is an increase from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.76%. The ex-dividend date was Wednesday, February 26th. S&P Global's dividend payout ratio (DPR) is presently 31.09%.
Wall Street Analyst Weigh In
SPGI has been the topic of a number of research analyst reports. BMO Capital Markets boosted their target price on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Wells Fargo & Company increased their target price on S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Citigroup began coverage on shares of S&P Global in a research report on Friday, December 20th. They issued a "buy" rating and a $600.00 price target on the stock. Evercore ISI increased their price objective 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. Finally, Mizuho initiated coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price on the stock. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $590.86.
Read Our Latest Report on SPGI
S&P Global Profile
(
Free Report)
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.
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