Edmond DE Rothschild Holding S.A. Increases Stock Position in S&P Global Inc. $SPGI

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in S&P Global Inc. by 25.5%, acquiring an additional 3,434 shares, bringing its total holdings to 16,927 shares valued at approximately $8.6 million.
• S&P Global reported quarterly earnings of $4.43 per share, exceeding the consensus estimate of $4.18, with revenue of $3.76 billion, showing a 5.8% increase compared to the same quarter last year.
• The company announced a quarterly dividend of $0.96 per share, representing an annualized dividend of $3.84 and a yield of 0.7%, with the ex-dividend date on August 26th.

Edmond DE Rothschild Holding S.A. boosted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 25.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,927 shares of the business services provider's stock after buying an additional 3,434 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in S&P Global were worth $8,601,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SPGI. Nuveen LLC acquired a new position in S&P Global in the 1st quarter worth approximately $1,103,665,000. GAMMA Investing LLC boosted its stake in shares of S&P Global by 60,982.3% in the first quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock worth $1,086,877,000 after buying an additional 2,135,599 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in S&P Global by 70.1% during the first 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 grew its holdings in S&P Global by 26.4% during the first 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 acquiring an additional 614,809 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in S&P Global during the fourth quarter valued at approximately $238,503,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on SPGI shares. Argus raised shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Wells Fargo & Company lifted 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. Barclays increased their price target on S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Morgan Stanley raised their price objective on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, BMO Capital Markets upped their target price on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, S&P Global presently has an average rating of "Buy" and an average target price of $611.69.

S&P Global Price Performance

SPGI traded up $1.64 on Tuesday, reaching $547.51. 625,162 shares of the company's stock were exchanged, compared to its average volume of 1,262,309. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The stock has a market cap of $167.16 billion, a PE ratio of 42.12, a P/E/G ratio of 2.88 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's fifty day moving average price is $541.58 and its 200-day moving average price is $514.58.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping the consensus estimate of $4.18 by $0.25. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is presently 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.