Aviso Financial Inc. Sells 2,510 Shares of S&P Global Inc. $SPGI

Key Points

• Aviso Financial Inc. reduced its holdings in S&P Global Inc. by 15.6%, resulting in ownership of 13,530 shares worth approximately $6.875 million.
• Several hedge funds increased their positions in S&P Global, with notable increases including Makena Capital Management's 88.6% rise in shares during the same quarter.
• Analysts have set various target prices for S&P Global, with Wells Fargo raising its target from $632 to $660, while the company maintains a consensus rating of "Moderate Buy."

Aviso Financial Inc. cut its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 15.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,530 shares of the business services provider's stock after selling 2,510 shares during the quarter. Aviso Financial Inc.'s holdings in S&P Global were worth $6,875,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new position in shares of S&P Global in the fourth quarter worth $25,000. Costello Asset Management INC acquired a new position in shares of S&P Global in the first quarter worth $26,000. Cheviot Value Management LLC acquired a new position in shares of S&P Global in the first quarter worth $26,000. Anderson Financial Strategies LLC acquired a new stake in shares of S&P Global in the 4th quarter valued at $27,000. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in shares of S&P Global in the 1st quarter valued at $28,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

SPGI traded up $3.4380 during trading on Wednesday, reaching $557.8680. 1,553,448 shares of the company's stock were exchanged, compared to its average volume of 1,205,192. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. 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 business has a 50 day moving average price of $532.27 and a 200 day moving average price of $513.26. The company has a market capitalization of $170.32 billion, a P/E ratio of 42.91, a PEG ratio of 2.97 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results 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 for 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 business's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, analysts predict 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 announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be paid a $0.96 dividend. 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 dividend payout ratio (DPR) is 29.54%.

Analysts Set New Price Targets

SPGI has been the subject of several analyst reports. Wells Fargo & Company lifted their price objective on shares of S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Morgan Stanley lifted their price objective on shares of S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Stifel Nicolaus reduced their price objective 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. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Finally, UBS Group raised their target price 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. One equities research 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $611.69.

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.