Cyrus J. Lawrence LLC Sells 20,412 Shares of S&P Global Inc. $SPGI

Key Points

• Cyrus J. Lawrence LLC significantly reduced its stake in S&P Global Inc. by 93.7% during Q1, holding just 1,370 shares after selling over 20,000 shares.
• Several brokerages have raised their target prices for S&P Global, with Oppenheimer increasing their target from $567 to $592, indicating strong investor confidence.
• S&P Global announced a quarterly dividend of $0.96, representing a dividend yield of 0.7%, with a payout ratio of approximately 29.54%.

Cyrus J. Lawrence LLC lowered its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 93.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,370 shares of the business services provider's stock after selling 20,412 shares during the quarter. S&P Global makes up about 2.6% of Cyrus J. Lawrence LLC's investment portfolio, making the stock its 15th largest holding. Cyrus J. Lawrence LLC's holdings in S&P Global were worth $696,000 at the end of the most recent reporting period.

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

S&P Global Stock Performance

NYSE:SPGI traded down $8.77 during mid-day trading on Tuesday, reaching $539.67. 1,069,568 shares of the company's stock were exchanged, compared to its average volume of 1,048,602. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The firm has a market capitalization of $164.76 billion, a PE ratio of 41.51, a price-to-earnings-growth ratio of 2.94 and a beta of 1.20. The business's fifty day simple moving average is $539.99 and its two-hundred day simple moving average is $514.70.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating the consensus estimate 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 period last year, the firm earned $4.04 EPS. The business's quarterly 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. Analysts anticipate 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. Shareholders of record on Tuesday, August 26th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend 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%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. UBS Group increased their price objective 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. BMO Capital Markets increased their price objective 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. Wells Fargo & Company increased their price objective 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. Morgan Stanley increased their price objective 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, JPMorgan Chase & Co. increased their price objective 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. One investment 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.com, the stock presently has an average rating of "Buy" and a consensus price target of $611.69.

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.