S&P Global Inc. $SPGI Shares Acquired by CX Institutional

Key Points

• CX Institutional increased its stake in S&P Global Inc. by 6.4% in Q2, owning 11,905 shares valued at approximately $6.3 million.
• Several analysts raised their price targets for S&P Global, with the consensus rating being "Buy" and an average target of $614.46.
• S&P Global reported a strong quarterly earnings result, with $4.43 EPS that surpassed expectations and a revenue increase of 5.8% year-over-year.

CX Institutional grew its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 6.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,905 shares of the business services provider's stock after acquiring an additional 713 shares during the period. CX Institutional's holdings in S&P Global were worth $6,277,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Nuveen LLC purchased a new stake in shares of S&P Global during the 1st quarter worth $1,103,665,000. GAMMA Investing LLC lifted its position in shares of 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 purchasing an additional 2,135,599 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of 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 purchasing an additional 670,392 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position 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 during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of S&P Global during the 4th quarter worth $238,503,000. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Price Performance

Shares of NYSE SPGI traded down $0.59 on Friday, hitting $507.21. The company's stock had a trading volume of 4,147,224 shares, compared to its average volume of 1,222,694. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a market capitalization of $154.85 billion, a price-to-earnings ratio of 39.02, a price-to-earnings-growth ratio of 2.71 and a beta of 1.20. 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 of $542.96 and a 200-day moving average of $515.21.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (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 last year, the business earned $4.04 earnings per share. S&P Global's revenue 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. As a group, research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. S&P Global's dividend payout ratio (DPR) is currently 29.54%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SPGI shares. Wells Fargo & Company lifted their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a research report on Friday. Barclays boosted 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 report on Thursday, July 31st. JPMorgan Chase & Co. boosted their price target 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. Citigroup boosted their price target on shares of S&P Global from $600.00 to $635.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Finally, UBS Group boosted their price target on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $614.46.

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.