Curi RMB Capital LLC Has $39.52 Million Position in S&P Global Inc. $SPGI

Key Points

• Curi RMB Capital LLC has reduced its stake in S&P Global Inc. by 18.4%, now holding a position worth $39.52 million.
• S&P Global recently reported an EPS of $4.43 for the quarter, exceeding estimates and showing a revenue increase of 5.8% from the previous year.
• Analysts have upgraded S&P Global's stock ratings and target prices, with an average consensus target price of $611.69 and a rating of "Buy."

Curi RMB Capital LLC cut its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 18.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,788 shares of the business services provider's stock after selling 17,538 shares during the period. S&P Global accounts for approximately 1.0% of Curi RMB Capital LLC's investment portfolio, making the stock its 22nd largest holding. Curi RMB Capital LLC's holdings in S&P Global were worth $39,524,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SPGI. Nuveen LLC bought a new position in S&P Global during the first quarter valued at about $1,103,665,000. GAMMA Investing LLC boosted its position in S&P Global by 60,982.3% during the 1st quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock worth $1,086,877,000 after acquiring an additional 2,135,599 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in S&P Global by 70.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider's stock worth $826,819,000 after acquiring an additional 670,392 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of S&P Global by 26.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider's stock worth $1,497,493,000 after purchasing an additional 614,809 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased 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 Trading Up 1.5%

Shares of SPGI stock traded up $8.25 on Monday, reaching $546.31. 1,057,722 shares of the stock were exchanged, compared to its average volume of 1,265,596. The stock has a market cap of $166.79 billion, a PE ratio of 42.02, a P/E/G ratio of 2.88 and a beta of 1.20. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a 50 day moving average price of $541.21 and a 200 day moving average price of $514.49.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating analysts' consensus estimates of $4.18 by $0.25. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm's revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.11 EPS 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. Shareholders 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 yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's payout ratio is presently 29.54%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SPGI. UBS Group raised their price target on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Argus raised S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Wells Fargo & Company lifted their price objective on S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Barclays lifted their price objective on S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. lifted their price objective on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. 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's stock. According to MarketBeat, S&P Global currently has a consensus rating of "Buy" and a consensus price target 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.