1832 Asset Management L.P. Buys 59,105 Shares of S&P Global Inc. $SPGI

Key Points

• 1832 Asset Management L.P. increased its stake in S&P Global Inc. by 55.1%, acquiring 59,105 shares during the first quarter, bringing its total holdings to approximately 166,359 shares worth $84,527,000.
• S&P Global recently reported earnings of $4.43 per share for the last quarter, exceeding estimates, with revenues reaching $3.76 billion, representing a 5.8% increase year-over-year.
• The company declared a quarterly dividend of $0.96 per share, with a dividend yield of 0.7%, set to be paid on September 10th.

1832 Asset Management L.P. increased its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 55.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 166,359 shares of the business services provider's stock after acquiring an additional 59,105 shares during the period. 1832 Asset Management L.P. owned about 0.05% of S&P Global worth $84,527,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Minot DeBlois Advisors LLC purchased a new position in S&P Global during the 4th quarter valued at about $25,000. Cheviot Value Management LLC purchased a new position in S&P Global during the 1st quarter valued at about $26,000. Costello Asset Management INC purchased a new position in S&P Global during the 1st quarter valued at about $26,000. Anderson Financial Strategies LLC purchased a new position in S&P Global during the 4th quarter valued at about $27,000. Finally, Smallwood Wealth Investment Management LLC purchased a new position in S&P Global during the 1st quarter valued at about $28,000. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

S&P Global stock opened at $555.93 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $169.73 billion, a P/E ratio of 42.76, a PEG ratio of 2.96 and a beta of 1.19. The stock's 50 day moving average is $534.30 and its 200 day moving average is $513.78. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05.

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 for the quarter, topping the consensus estimate of $4.18 by $0.25. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. BMO Capital Markets boosted their price target on S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Oppenheimer boosted their price target on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Stifel Nicolaus reduced their target price on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Robert W. Baird reduced their target price on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, Argus upgraded S&P Global to a "strong-buy" rating in a report on Friday, May 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of "Buy" and a consensus price target of $611.69.

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.

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