Acadian Asset Management LLC Trims Stake in S&P Global Inc. $SPGI

Key Points

• Acadian Asset Management LLC has cut its stake in S&P Global Inc. by 36.0%, now owning 13,258 shares valued at approximately $6.73 million.
• Wall Street analysts are optimistic about S&P Global, with multiple firms raising their price targets, the highest being $621.00, and a consensus rating of "Buy".
• S&P Global reported a quarterly EPS of $4.43, exceeding estimates, and declared a quarterly dividend of $0.96, indicating a dividend yield of 0.7%.

Acadian Asset Management LLC lessened its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 36.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 13,258 shares of the business services provider's stock after selling 7,456 shares during the period. Acadian Asset Management LLC's holdings in S&P Global were worth $6,733,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in S&P Global by 0.4% in the first quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider's stock worth $15,130,711,000 after purchasing an additional 108,729 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in S&P Global by 3.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider's stock worth $1,618,934,000 after purchasing an additional 114,843 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in S&P Global by 13.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock worth $1,529,653,000 after purchasing an additional 357,790 shares during the period. Price T Rowe Associates Inc. MD increased its stake in S&P Global by 26.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider's stock worth $1,497,493,000 after purchasing an additional 614,809 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in S&P Global by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider's stock worth $1,403,468,000 after purchasing an additional 97,324 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

Shares of NYSE:SPGI traded up $2.69 during trading on Wednesday, hitting $543.98. The stock had a trading volume of 875,585 shares, compared to its average volume of 1,253,113. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The stock has a market capitalization of $166.08 billion, a price-to-earnings ratio of 41.84, a price-to-earnings-growth ratio of 2.91 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 stock has a 50-day simple moving average of $543.48 and a two-hundred day simple moving average of $515.27.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.25. The firm had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The company's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the business posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. 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

A number of equities analysts have recently issued reports on SPGI shares. Wells Fargo & Company increased their price target on S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. increased their price target on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Citigroup increased their price target on S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a research report on Monday. BMO Capital Markets increased their price target on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Finally, Barclays increased their price target on S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. 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 has an average rating of "Buy" and an average price target of $614.38.

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.