UniSuper Management Pty Ltd Purchases 4,485 Shares of S&P Global Inc. (NYSE:SPGI)

UniSuper Management Pty Ltd grew its position in shares of S&P Global Inc. (NYSE:SPGI) by 30.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,193 shares of the business services provider’s stock after buying an additional 4,485 shares during the period. UniSuper Management Pty Ltd’s holdings in S&P Global were worth $9,559,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SPGI. Howard Capital Management Group LLC boosted its holdings in S&P Global by 3.2% in the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock valued at $471,000 after purchasing an additional 28 shares during the period. Great Valley Advisor Group Inc. boosted its stake in shares of S&P Global by 11.7% in the third quarter. Great Valley Advisor Group Inc. now owns 591 shares of the business services provider’s stock valued at $305,000 after buying an additional 62 shares during the period. Larson Financial Group LLC boosted its stake in shares of S&P Global by 471.1% in the third quarter. Larson Financial Group LLC now owns 217 shares of the business services provider’s stock valued at $112,000 after buying an additional 179 shares during the period. Fisher Asset Management LLC grew its position in S&P Global by 8.2% during the third quarter. Fisher Asset Management LLC now owns 6,519 shares of the business services provider’s stock worth $3,368,000 after buying an additional 492 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in S&P Global during the 3rd quarter worth $2,520,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SPGI shares. Evercore ISI increased their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Morgan Stanley increased their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. BMO Capital Markets boosted their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Mizuho started coverage on shares of S&P Global in a research report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price target on the stock. Finally, UBS Group boosted their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Three 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 has a consensus rating of “Moderate Buy” and a consensus price target of $590.86.

S&P Global Price Performance

S&P Global stock opened at $508.95 on Friday. The stock has a 50-day moving average price of $515.19 and a two-hundred day moving average price of $510.30. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The company has a market capitalization of $156.66 billion, a PE ratio of 41.21, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $3.13 earnings per share. Analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a $0.96 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Wednesday, February 26th. S&P Global’s payout ratio is currently 31.09%.

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.