United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Sells 31,933 Shares of S&P Global Inc. (NYSE:SPGI)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 18.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 139,449 shares of the business services provider’s stock after selling 31,933 shares during the quarter. S&P Global comprises approximately 3.1% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings, making the stock its 12th largest holding. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in S&P Global were worth $61,430,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. purchased a new position in shares of S&P Global during the third quarter valued at approximately $25,000. Valued Wealth Advisors LLC purchased a new position in S&P Global during the 4th quarter valued at $28,000. Harbour Investments Inc. lifted its position in shares of S&P Global by 45.8% during the third quarter. Harbour Investments Inc. now owns 86 shares of the business services provider’s stock worth $31,000 after purchasing an additional 27 shares during the last quarter. Fortis Group Advisors LLC bought a new position in shares of S&P Global in the third quarter worth about $33,000. Finally, LFA Lugano Financial Advisors SA lifted its holdings in S&P Global by 200.0% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after buying an additional 50 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. BMO Capital Markets lifted their price target on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Raymond James boosted their price target on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Barclays boosted their price objective on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $464.22.

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the business’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 value of $2,548,440.00. Following the completion of the sale, the chief executive officer now owns 162,530 shares in the company, valued at $69,032,992.20. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.10% of the stock is currently owned by insiders.

S&P Global Stock Performance

SPGI stock traded up $3.59 during midday trading on Wednesday, reaching $412.15. The stock had a trading volume of 511,141 shares, compared to its average volume of 1,307,009. The firm has a fifty day simple moving average of $426.65 and a two-hundred day simple moving average of $415.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $132.00 billion, a PE ratio of 49.64, a P/E/G ratio of 2.32 and a beta of 1.15. S&P Global Inc. has a 52-week low of $338.92 and a 52-week high of $461.16.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the firm posted $2.54 earnings per share. The company’s revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts anticipate that S&P Global Inc. will post 14.02 EPS for the current year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were paid a $0.91 dividend. The ex-dividend date was Monday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.90. This represents a $3.64 dividend on an annualized basis and a yield of 0.88%. S&P Global’s dividend payout ratio (DPR) is currently 44.23%.

S&P Global 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.