Union Bancaire Privee UBP SA Reduces Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Union Bancaire Privee UBP SA trimmed its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 4.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 281,103 shares of the business services provider's stock after selling 13,177 shares during the quarter. S&P Global accounts for 3.2% of Union Bancaire Privee UBP SA's portfolio, making the stock its 6th largest position. Union Bancaire Privee UBP SA owned about 0.09% of S&P Global worth $139,038,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SPGI. Geode Capital Management LLC grew its position in S&P Global by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock valued at $3,273,264,000 after acquiring an additional 116,208 shares during the period. Norges Bank bought a new stake in shares of S&P Global during the fourth quarter worth $1,725,084,000. Northern Trust Corp grew its holdings in shares of S&P Global by 19.1% during the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after purchasing an additional 525,347 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of S&P Global by 13.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock worth $1,529,653,000 after purchasing an additional 357,790 shares during the last quarter. Finally, Amundi grew its holdings in shares of S&P Global by 6.6% during the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider's stock worth $1,162,979,000 after purchasing an additional 145,434 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president now owns 5,131 shares in the company, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the company. JPMorgan Chase & Co. decreased their target price on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Wall Street Zen lowered S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Stifel Nicolaus cut their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Mizuho assumed coverage on S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price target on the stock. Finally, Wells Fargo & Company upped their price target on S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $592.71.

S&P Global Stock Down 1.0%

Shares of NYSE SPGI traded down $4.84 during mid-day trading on Friday, reaching $501.03. 1,343,042 shares of the company's stock were exchanged, compared to its average volume of 1,223,688. The firm has a market capitalization of $153.67 billion, a price-to-earnings ratio of 40.57, a PEG 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. The business has a fifty day simple moving average of $497.12 and a 200 day simple moving average of $504.09. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. S&P Global's revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $4.01 earnings per share. As a group, equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th were given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Wednesday, May 28th. S&P Global's dividend payout ratio is currently 30.16%.

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.