Benchmark Investment Advisors LLC Purchases 2,145 Shares of S&P Global Inc. $SPGI

Key Points

• Benchmark Investment Advisors LLC increased its holdings in S&P Global Inc. by 362.9%, acquiring an additional 2,145 shares, bringing their total to 2,736 shares valued at approximately $1.39 million.
• S&P Global reported a quarterly earnings per share (EPS) of $4.43, beating estimates, with revenue of $3.76 billion, a 5.8% increase year-over-year.
• The company declared a quarterly dividend of $0.96 per share, translating to an annual yield of 0.7%, with a payout ratio of 29.54%.

Benchmark Investment Advisors LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 362.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,736 shares of the business services provider's stock after acquiring an additional 2,145 shares during the period. Benchmark Investment Advisors LLC's holdings in S&P Global were worth $1,390,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of S&P Global by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider's stock worth $15,130,711,000 after acquiring an additional 108,729 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of S&P Global by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock worth $1,529,653,000 after acquiring an additional 357,790 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in S&P Global by 26.4% in the 1st 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 last quarter. Goldman Sachs Group Inc. boosted its position in S&P Global by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider's stock valued at $1,403,468,000 after buying an additional 97,324 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in S&P Global by 11.4% in the fourth quarter. Nuveen Asset Management LLC now owns 2,184,312 shares of the business services provider's stock valued at $1,087,853,000 after buying an additional 224,294 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of research analyst reports. Oppenheimer raised their target price 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. BMO Capital Markets raised their target price on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. raised their target price on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Morgan Stanley raised their target price on shares of S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company raised their target price on shares of S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. One investment 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. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $611.69.

S&P Global Trading Up 0.2%

Shares of SPGI stock traded up $1.06 during trading hours on Monday, hitting $548.61. 886,915 shares of the company's stock traded hands, compared to its average volume of 1,134,315. The stock's 50 day simple moving average is $539.66 and its 200 day simple moving average is $514.53. The stock has a market cap of $167.49 billion, a PE ratio of 42.20, a price-to-earnings-growth ratio of 2.94 and a beta of 1.20. S&P Global Inc. has a 12 month low of $427.14 and a 12 month 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.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.25. The firm 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 company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last 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, sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) 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.