S&P Global Inc. (NYSE:SPGI) Holdings Lowered by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd trimmed its position in S&P Global Inc. (NYSE:SPGI) by 0.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 596,657 shares of the business services provider’s stock after selling 530 shares during the quarter. S&P Global makes up approximately 1.5% of AustralianSuper Pty Ltd’s portfolio, making the stock its 11th largest position. AustralianSuper Pty Ltd owned approximately 0.19% of S&P Global worth $308,245,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPGI. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in S&P Global by 107.2% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock valued at $2,798,000 after purchasing an additional 2,962 shares in the last quarter. AAFMAA Wealth Management & Trust LLC acquired a new position in shares of S&P Global in the first quarter worth $1,222,000. Quadrature Capital Ltd purchased a new stake in shares of S&P Global during the first quarter worth $2,236,000. O Shaughnessy Asset Management LLC raised its holdings in shares of S&P Global by 21.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock worth $14,756,000 after acquiring an additional 6,162 shares in the last quarter. Finally, Nwam LLC boosted its position in S&P Global by 45.5% during the first quarter. Nwam LLC now owns 1,043 shares of the business services provider’s stock valued at $446,000 after purchasing an additional 326 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SPGI has been the subject of a number of recent research reports. BMO Capital Markets cut their price target on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Stifel Nicolaus increased their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday. UBS Group lifted their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Robert W. Baird increased their target price on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Barclays raised their target price on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $571.31.

Insider Buying and Selling at S&P Global

In related news, Director Robert P. Kelly sold 7,662 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the transaction, the director now directly owns 15,830 shares of the company’s stock, valued at $7,618,662.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total value of $3,385,200.00. Following the sale, the chief executive officer now directly owns 154,912 shares in the company, valued at approximately $74,915,443.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert P. Kelly sold 7,662 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the transaction, the director now owns 15,830 shares of the company’s stock, valued at $7,618,662.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

S&P Global Stock Performance

SPGI traded down $2.04 during midday trading on Thursday, reaching $483.90. The company’s stock had a trading volume of 186,183 shares, compared to its average volume of 1,195,863. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. The company has a fifty day simple moving average of $513.17 and a 200 day simple moving average of $472.18. The stock has a market cap of $151.41 billion, a P/E ratio of 54.49, a PEG ratio of 2.76 and a beta of 1.18. S&P Global Inc. has a twelve month low of $342.93 and a twelve month high of $533.29.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the prior year, the firm earned $3.21 EPS. The business’s revenue was up 15.9% on a year-over-year basis. Research analysts expect that S&P Global Inc. will post 14.79 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.75%. S&P Global’s dividend payout ratio is 40.81%.

About S&P Global

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.