Brasada Capital Management LP Sells 1,001 Shares of S&P Global Inc. $SPGI

Key Points

• Brasada Capital Management LP has reduced its stake in S&P Global Inc. by 5.5%, now owning 17,322 shares valued at approximately $8.8 million.
• Analysts have raised their price targets for S&P Global, with BMO Capital Markets now setting a target of $621, reflecting strong positive sentiment around the stock.
• S&P Global reported earnings per share of $4.43 for the last quarter, beating estimates and showing a year-over-year revenue increase of 5.8%.

Brasada Capital Management LP lessened its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 5.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,322 shares of the business services provider's stock after selling 1,001 shares during the quarter. S&P Global makes up about 1.7% of Brasada Capital Management LP's investment portfolio, making the stock its 19th largest position. Brasada Capital Management LP's holdings in S&P Global were worth $8,801,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings 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 purchasing an additional 108,729 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in S&P Global by 13.2% in 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 valued at $1,529,653,000 after buying an additional 357,790 shares in the last quarter. Price T Rowe Associates Inc. MD boosted 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 buying an additional 614,809 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in S&P Global by 3.7% in the 1st 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 stake in S&P Global by 11.4% in the 4th 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

Several brokerages recently commented on SPGI. JPMorgan Chase & Co. boosted their price target on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Morgan Stanley boosted their price target on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Wells Fargo & Company boosted their price target on S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Argus raised S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Finally, UBS Group boosted their price target on 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 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. According to MarketBeat.com, S&P Global has an average rating of "Buy" and a consensus price target of $611.69.

S&P Global Price Performance

SPGI traded up $1.06 during trading on Monday, hitting $548.61. The company's stock had a trading volume of 886,915 shares, compared to its average volume of 1,134,315. The firm's 50 day moving average price is $539.66 and its two-hundred day moving average price is $514.53. 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 Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The stock has a market capitalization of $167.49 billion, a price-to-earnings ratio of 42.20, a price-to-earnings-growth ratio of 2.94 and a beta of 1.20.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.25. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the previous year, the company posted $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 forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. 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 payout ratio is presently 29.54%.

S&P Global Company 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.