Erste Asset Management GmbH Reduces Holdings in S&P Global Inc. $SPGI

Key Points

• Erste Asset Management GmbH reduced its holdings in S&P Global Inc. by 2.1%, owning 74,615 shares valued at approximately $37.67 million as of its latest SEC filing.
• Various hedge funds increased their stakes in S&P Global, with BNP PARIBAS ASSET MANAGEMENT raising its position by 42.7%, now holding 276,565 shares worth around $140.49 million.
• S&P Global reported strong quarterly earnings of $4.43 per share, exceeding analysts' expectations, and declared a dividend of $0.96 per share with a 0.7% yield.

Erste Asset Management GmbH trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 2.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,615 shares of the business services provider's stock after selling 1,578 shares during the period. Erste Asset Management GmbH's holdings in S&P Global were worth $37,671,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Credit Agricole S A increased its stake in shares of S&P Global by 24.9% during the 1st quarter. Credit Agricole S A now owns 398,834 shares of the business services provider's stock worth $202,648,000 after purchasing an additional 79,426 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in shares of S&P Global by 22.2% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 11,908 shares of the business services provider's stock worth $6,036,000 after purchasing an additional 2,165 shares in the last quarter. Groupama Asset Managment increased its stake in shares of S&P Global by 14.5% during the 1st quarter. Groupama Asset Managment now owns 16,780 shares of the business services provider's stock worth $8,432,000 after purchasing an additional 2,130 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of S&P Global by 42.7% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 276,565 shares of the business services provider's stock worth $140,494,000 after purchasing an additional 82,689 shares in the last quarter. Finally, GSG Advisors LLC increased its stake in shares of S&P Global by 1.6% during the 1st quarter. GSG Advisors LLC now owns 2,347 shares of the business services provider's stock worth $1,112,000 after purchasing an additional 38 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on SPGI shares. Barclays lifted their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. BMO Capital Markets lifted their target price on shares of S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. lifted their price target on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Wells Fargo & Company lifted their price target on shares of S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Stifel Nicolaus decreased their price target on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, S&P Global presently has an average rating of "Buy" and an average target price of $611.69.

S&P Global Price Performance

SPGI opened at $553.6990 on Wednesday. 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 1-year low of $427.14 and a 1-year high of $579.05. The company has a 50-day moving average of $531.39 and a 200-day moving average of $512.95. The company has a market capitalization of $169.04 billion, a P/E ratio of 42.59, a PEG ratio of 2.95 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating 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 business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the prior year, the firm earned $4.04 EPS. The company'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. Equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders 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 dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio is currently 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.

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