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 lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 45.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 comprises 1.4% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings, making the stock its 27th largest 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of SPGI. Banco BTG Pactual S.A. raised its stake in shares of S&P Global by 180.3% during the 4th quarter. Banco BTG Pactual S.A. now owns 2,186 shares of the business services provider’s stock worth $1,083,000 after purchasing an additional 1,406 shares in the last quarter. Financial Counselors Inc. increased its holdings in S&P Global by 0.4% during the fourth quarter. Financial Counselors Inc. now owns 12,652 shares of the business services provider’s stock worth $6,301,000 after buying an additional 50 shares during the last quarter. UNIVEST FINANCIAL Corp raised its position in 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 worth $16,819,000 after acquiring an additional 777 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in S&P Global in the fourth quarter valued at $300,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in S&P Global by 1.6% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 243,707 shares of the business services provider’s stock valued at $121,373,000 after acquiring an additional 3,801 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Up 2.0 %

Shares of SPGI opened at $513.83 on Wednesday. The firm has a 50 day simple moving average of $514.89 and a two-hundred day simple moving average of $510.33. The company has a market cap of $158.16 billion, a P/E ratio of 41.61, a P/E/G ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a one year low of $407.69 and a one year 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.

S&P Global (NYSE:SPGI) last announced 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 in the prior year, the firm earned $3.13 earnings per share. Research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal 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 issued a dividend of $0.96 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Wednesday, February 26th. S&P Global’s payout ratio is 31.09%.

Analyst Ratings Changes

SPGI has been the topic of several recent analyst reports. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Evercore ISI raised their price objective on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. BMO Capital Markets raised their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. UBS Group upped their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Citigroup assumed coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $590.86.

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.