B. Metzler seel. Sohn & Co. AG Sells 14,631 Shares of S&P Global Inc. $SPGI

Key Points

• B. Metzler seel. Sohn & Co. AG has reduced its stake in S&P Global Inc. by 3.4%, selling 14,631 shares, leaving it with 415,190 shares, which now represent 2.2% of its portfolio.
• Several analysts have adjusted their price targets for S&P Global, with some moving it upwards, leading to an overall consensus rating of "Buy" and an average target price of $611.69.
• S&P Global announced a quarterly dividend of $0.96 per share, which demonstrates a dividend yield of 0.7%, with the dividend payout ratio sitting at 29.54%.

B. Metzler seel. Sohn & Co. AG lessened its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 415,190 shares of the business services provider's stock after selling 14,631 shares during the period. S&P Global comprises 2.2% of B. Metzler seel. Sohn & Co. AG's portfolio, making the stock its 12th biggest holding. B. Metzler seel. Sohn & Co. AG owned approximately 0.14% of S&P Global worth $210,958,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC bought a new position in S&P Global during the fourth quarter worth about $25,000. Cheviot Value Management LLC acquired a new stake in shares of S&P Global during the first quarter worth approximately $26,000. Costello Asset Management INC acquired a new stake in shares of S&P Global during the first quarter worth approximately $26,000. Anderson Financial Strategies LLC acquired a new stake in shares of S&P Global during the fourth quarter worth approximately $27,000. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in shares of S&P Global during the first quarter worth approximately $28,000. Institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SPGI shares. Robert W. Baird lowered their target price 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. Stifel Nicolaus cut their price target on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Barclays upped their price target on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Wells Fargo & Company increased their target price on shares of S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, S&P Global has an average rating of "Buy" and a consensus target price of $611.69.

S&P Global Stock Performance

NYSE SPGI opened at $551.80 on Wednesday. The company's 50 day moving average is $536.24 and its 200-day moving average is $514.24. 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 $168.46 billion, a P/E ratio of 42.45, a price-to-earnings-growth ratio of 2.95 and a beta of 1.19. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05.

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 EPS for the quarter, topping analysts' consensus estimates of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the prior year, the firm earned $4.04 EPS. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The business 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. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio is currently 29.54%.

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.

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