Assenagon Asset Management S.A. Has $146.21 Million Position in S&P Global Inc. $SPGI

Key Points

• Assenagon Asset Management S.A. reduced its holdings in S&P Global Inc. by 43.6% in Q2, now owning 277,281 shares worth approximately $146 million.
• S&P Global reported earnings of $4.43 EPS for the last quarter, exceeding estimates, and revenue increased 5.8% year-over-year.
• The company announced a quarterly dividend of $0.96 per share, with an annualized yield of 0.8%, set to be paid in December.

Assenagon Asset Management S.A. reduced its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 43.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 277,281 shares of the business services provider's stock after selling 214,774 shares during the quarter. Assenagon Asset Management S.A. owned 0.09% of S&P Global worth $146,207,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Nuveen LLC bought a new stake in S&P Global during the 1st quarter worth about $1,103,665,000. GAMMA Investing LLC boosted its position in S&P Global by 60,982.3% during the first quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock worth $1,086,877,000 after purchasing an additional 2,135,599 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of S&P Global by 70.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider's stock valued at $826,819,000 after purchasing an additional 670,392 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of 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 valued at $1,497,493,000 after purchasing an additional 614,809 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of S&P Global during the 4th quarter worth about $238,503,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Down 0.1%

SPGI stock opened at $507.21 on Friday. The business has a 50 day moving average of $542.96 and a 200 day moving average of $515.26. 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 firm has a market cap of $154.85 billion, a PE ratio of 39.02, a price-to-earnings-growth ratio of 2.72 and a beta of 1.20. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05.

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

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global's payout ratio is presently 29.54%.

Analysts Set New Price Targets

SPGI has been the topic of several research reports. BMO Capital Markets upped their price target on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Citigroup increased their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Oppenheimer lifted their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Morgan Stanley increased their price target on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, UBS Group lifted their price objective on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, S&P Global currently has a consensus rating of "Buy" and an average price target of $614.46.

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.

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