United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys Shares of 1,280 S&P Global Inc. $SPGI

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in S&P Global Inc. (NYSE:SPGIFree Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,280 shares of the business services provider’s stock, valued at approximately $669,000.

A number of other hedge funds have also added to or reduced their stakes in SPGI. Joseph Group Capital Management purchased a new position in S&P Global during the 4th quarter valued at about $29,000. North Star Investment Management Corp. boosted its holdings in shares of S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after purchasing an additional 35 shares in the last quarter. Palisade Asset Management LLC purchased a new position in shares of S&P Global in the 3rd quarter worth about $36,000. Ameriflex Group Inc. boosted its holdings in shares of S&P Global by 171.4% in the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock worth $37,000 after purchasing an additional 48 shares in the last quarter. Finally, Ares Financial Consulting LLC purchased a new position in shares of S&P Global in the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling

In other news, CEO Martina Cheung bought 2,322 shares of S&P Global stock in a transaction dated Wednesday, April 29th. The shares were acquired at an average price of $429.93 per share, with a total value of $998,297.46. Following the completion of the purchase, the chief executive officer owned 27,518 shares in the company, valued at $11,830,813.74. The trade was a 9.22% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Catherine R. Clay acquired 2,500 shares of the business’s stock in a transaction on Friday, May 1st. The stock was acquired at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the transaction, the chief executive officer directly owned 2,500 shares in the company, valued at $1,078,475. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 5,974 shares of company stock worth $2,576,775 over the last three months. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SPGI has been the subject of several analyst reports. Rothschild & Co Redburn dropped their target price on S&P Global from $585.00 to $540.00 in a report on Thursday, May 7th. Bank of America assumed coverage on S&P Global in a research report on Tuesday, February 17th. They set a “buy” rating and a $575.00 price target for the company. Robert W. Baird set a $546.00 price target on S&P Global in a research report on Wednesday, February 11th. Stifel Nicolaus lowered their target price on S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Finally, Jefferies Financial Group raised their target price on S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Seventeen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $546.39.

Read Our Latest Stock Analysis on S&P Global

S&P Global Stock Performance

NYSE:SPGI opened at $423.86 on Friday. The stock has a 50-day simple moving average of $424.42 and a two-hundred day simple moving average of $464.04. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market capitalization of $125.46 billion, a PE ratio of 26.83, a P/E/G ratio of 1.78 and a beta of 1.11.

S&P Global (NYSE:SPGIGet Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, beating the consensus estimate of $4.82 by $0.15. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The business had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the business earned $4.37 earnings per share. The business’s revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Analysts forecast that S&P Global Inc. will post 19.61 EPS for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, May 29th. S&P Global’s dividend payout ratio (DPR) is presently 24.56%.

S&P Global Company Profile

(Free Report)

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.

See Also

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGIFree Report).

Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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