United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Sells 69,952 Shares of S&P Global Inc. (NYSE:SPGI)

Key Points

• United Super Pty Ltd significantly reduced its holdings in S&P Global Inc. by 97%, down to 2,200 shares, following the sale of 69,952 shares in the first quarter.
• Despite the decrease in its stake, hedge funds and institutional investors collectively own 87.17% of S&P Global's stock, indicating strong institutional interest in the company.
• S&P Global recently reported better-than-expected earnings, with an EPS of $4.43, surpassing estimates, and announced a quarterly dividend of $0.96, reflecting a dividend yield of 0.7%.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund trimmed its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 97.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,200 shares of the business services provider's stock after selling 69,952 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in S&P Global were worth $1,118,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SPGI. Northern Trust Corp lifted its holdings in shares of S&P Global by 19.1% during the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after acquiring an additional 525,347 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of S&P Global by 13.2% during the 4th 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 acquiring an additional 357,790 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of S&P Global by 11.4% during the 4th quarter. Nuveen Asset Management LLC now owns 2,184,312 shares of the business services provider's stock worth $1,087,853,000 after acquiring an additional 224,294 shares during the period. GAMMA Investing LLC lifted its holdings in shares of S&P Global by 60,982.3% during the 1st quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock worth $1,086,877,000 after acquiring an additional 2,135,599 shares during the period. Finally, Valley Forge Capital Management LP lifted its holdings in shares of S&P Global by 2.9% during the 4th quarter. Valley Forge Capital Management LP now owns 1,755,098 shares of the business services provider's stock worth $874,091,000 after acquiring an additional 49,200 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Up 3.1%

NYSE SPGI traded up $16.89 during mid-day trading on Monday, hitting $562.55. The company's stock had a trading volume of 1,714,224 shares, compared to its average volume of 1,061,015. The company's 50 day simple moving average is $520.65 and its 200 day simple moving average is $509.18. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $563.02. The company has a current ratio of 0.98, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $172.53 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 2.92 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the firm posted $4.04 EPS. S&P Global's revenue was up 5.8% compared to the same quarter last year. Analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. S&P Global's payout ratio is presently 29.54%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SPGI shares. JPMorgan Chase & Co. lifted their price target on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Wells Fargo & Company lifted their price target on shares of S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a report on Friday. Robert W. Baird cut their price target on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Barclays lifted their price target on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Morgan Stanley lifted their price target on shares of S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a report on Friday. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $611.69.

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.