S&P Global Inc. $SPGI Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. reduced its stake in S&P Global by 4.6%, selling 36,421 shares and holding 756,842 shares now valued at approximately $384.6 million.
• S&P Global reported a Q2 EPS of $4.43, exceeding expectations of $4.18, with a year-over-year revenue increase of 5.8% to $3.76 billion.
• The company declared a quarterly dividend of $0.96 per share, with a payout ratio of 29.54%, to be paid on September 10th.

American Century Companies Inc. decreased its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 4.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 756,842 shares of the business services provider's stock after selling 36,421 shares during the quarter. American Century Companies Inc. owned about 0.25% of S&P Global worth $384,552,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SPGI. Brighton Jones LLC increased its stake in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock valued at $1,582,000 after purchasing an additional 143 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in shares of S&P Global by 3.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock valued at $37,093,000 after acquiring an additional 2,413 shares during the last quarter. GHE LLC boosted its holdings in shares of S&P Global by 2.1% in the 4th quarter. GHE LLC now owns 13,504 shares of the business services provider's stock valued at $6,725,000 after acquiring an additional 274 shares during the last quarter. CreativeOne Wealth LLC boosted its holdings in shares of S&P Global by 4.7% in the 4th quarter. CreativeOne Wealth LLC now owns 1,476 shares of the business services provider's stock valued at $735,000 after acquiring an additional 66 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of S&P Global in the 4th quarter valued at $355,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SPGI. JPMorgan Chase & Co. upped their price objective on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Wells Fargo & Company increased their price target on shares of S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Morgan Stanley upped their price objective on shares of S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Barclays raised their price objective on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Finally, Stifel Nicolaus lowered their target price on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $611.69.

S&P Global Stock Up 0.5%

S&P Global stock traded up $2.4890 during trading on Tuesday, reaching $553.6990. The stock had a trading volume of 1,299,639 shares, compared to its average volume of 1,281,052. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The business has a 50 day moving average price of $530.60 and a 200 day moving average price of $512.67. 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 market cap of $169.04 billion, a PE 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 (EPS) for the quarter, topping analysts' consensus estimates of $4.18 by $0.25. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

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

About S&P Global

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.