APG Asset Management N.V. Raises Stake in S&P Global Inc. $SPGI

Key Points

• APG Asset Management N.V. increased its holdings in S&P Global Inc. by 6.1%, acquiring an additional 17,615 shares, bringing its total to 308,115 shares worth approximately $144.93 million.
• Multiple analysts have revised their price targets for S&P Global, with UBS raising theirs to $620.00 and Wells Fargo to $660.00, indicating strong investor confidence in the stock.
• S&P Global recently reported earnings of $4.43 EPS, exceeding estimates and showing a revenue increase of 5.8% year-over-year, with a forthcoming quarterly dividend of $0.96 per share.

APG Asset Management N.V. increased its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 308,115 shares of the business services provider's stock after purchasing an additional 17,615 shares during the period. APG Asset Management N.V. owned 0.10% of S&P Global worth $144,930,000 as of its most recent filing with the Securities & Exchange Commission.

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

S&P Global Trading Down 0.4%

Shares of NYSE:SPGI traded down $2.10 during mid-day trading on Wednesday, reaching $550.22. 999,798 shares of the company were exchanged, compared to its average volume of 1,278,456. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $167.98 billion, a price-to-earnings ratio of 42.32, a P/E/G ratio of 2.95 and a beta of 1.19. The firm's 50-day simple moving average is $536.24 and its 200 day simple moving average is $514.24. 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 earnings per share for the quarter, topping analysts' consensus estimates 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 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 last year, the company posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities research analysts forecast 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. Investors of record on Tuesday, August 26th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is presently 29.54%.

Analyst Upgrades and Downgrades

SPGI has been the subject of several research analyst reports. UBS Group upped their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. upped their price target 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. Argus upgraded shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Robert W. Baird cut their price objective on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, Oppenheimer increased their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. One equities 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. According to MarketBeat.com, the company currently 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.