Aberdeen Group plc Sells 62,064 Shares of S&P Global Inc. $SPGI

Key Points

• Aberdeen Group plc reduced its holdings in S&P Global Inc. by 12.8%, owning 421,274 shares worth approximately $211.6 million after selling over 62,000 shares during the first quarter.
• Several hedge funds have increased their stakes in S&P Global, with Nuveen LLC acquiring a position worth around $1.1 billion and GAMMA Investing LLC increasing its holdings by an impressive 60,982.3%.
• S&P Global recently declared a quarterly dividend of $0.96 per share, translating to an annualized yield of 0.7%, and reported $4.43 EPS for the last quarter, surpassing analysts' expectations.

Aberdeen Group plc lowered its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 12.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 421,274 shares of the business services provider's stock after selling 62,064 shares during the quarter. Aberdeen Group plc owned 0.14% of S&P Global worth $211,589,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Minot DeBlois Advisors LLC bought a new stake in S&P Global during the 4th quarter valued at $25,000. Costello Asset Management INC bought a new position in shares of S&P Global in the first quarter worth $26,000. Cheviot Value Management LLC bought a new position in shares of S&P Global in the first quarter worth $26,000. Anderson Financial Strategies LLC bought a new position in shares of S&P Global in the fourth quarter worth $27,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in shares of S&P Global in the first quarter worth $28,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

SPGI stock traded up $2.4890 on Tuesday, hitting $553.6990. The company had a trading volume of 1,285,966 shares, compared to its average volume of 1,279,079. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The stock's 50-day simple moving average is $530.60 and its 200 day simple moving average is $512.67. The stock has a market cap of $169.04 billion, a price-to-earnings ratio of 42.59, a P/E/G ratio of 2.98 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last issued 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 business had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company's revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently issued reports on SPGI shares. JPMorgan Chase & Co. upped their target price on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Oppenheimer upped their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. UBS Group upped their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Robert W. Baird decreased 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 research note on Wednesday, April 30th. Finally, Argus raised shares of S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, S&P Global presently has a consensus rating of "Buy" and an average 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.