United Services Automobile Association Acquires Shares of 7,347 S&P Global Inc. $SPGI

Key Points

• United Services Automobile Association acquired 7,347 shares of S&P Global Inc., valued at approximately $3.7 million, in the first quarter of the year, according to their recent SEC filing.
• Multiple analysts have raised their target prices for S&P Global, with Barclays setting it at $620 and UBS at $620, while maintaining a strong overall "Buy" consensus rating.
• S&P Global reported earnings of $4.43 per share for the last quarter, exceeding analysts' expectations, and has declared a quarterly dividend of $0.96, scheduled for payment on September 10th.

United Services Automobile Association purchased a new position in S&P Global Inc. (NYSE:SPGI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,347 shares of the business services provider's stock, valued at approximately $3,692,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Minot DeBlois Advisors LLC purchased a new stake in shares of S&P Global in the fourth quarter worth approximately $25,000. Costello Asset Management INC purchased a new stake in shares of S&P Global in the first quarter worth approximately $26,000. Cheviot Value Management LLC purchased a new stake in shares of S&P Global in the first quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of S&P Global in the first quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings in shares of S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after buying an additional 31 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Down 1.0%

Shares of SPGI traded down $5.62 during mid-day trading on Friday, hitting $545.26. 1,008,228 shares of the company traded hands, compared to its average volume of 1,257,150. The company has a market capitalization of $166.47 billion, a PE ratio of 41.94, a price-to-earnings-growth ratio of 2.89 and a beta of 1.20. 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 business has a 50 day moving average of $542.63 and a 200 day moving average of $515.11. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping 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 period in the previous year, the firm posted $4.04 earnings per share. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SPGI shares. UBS Group increased their price objective on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Barclays raised their price target on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Argus upgraded S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. raised their price target on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Finally, Morgan Stanley increased their target price on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, S&P Global currently has a consensus rating of "Buy" and a consensus price target 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.