S&P Global Inc. $SPGI Holdings Increased by Ethic Inc.

Key Points

• Ethic Inc. increased its holdings in S&P Global Inc. by 3.1%, owning 50,831 shares valued at approximately $25.96 million.
• Wall Street analysts generally have a favorable outlook on S&P Global, with thirteen analysts rating it as a buy and an average target price of $611.69 per share.
• S&P Global recently reported earnings that surpassed expectations, showing a 5.8% revenue increase year-over-year and an EPS of $4.43.

Ethic Inc. raised its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 3.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 50,831 shares of the business services provider's stock after acquiring an additional 1,542 shares during the period. S&P Global makes up 0.5% of Ethic Inc.'s investment portfolio, making the stock its 24th largest holding. Ethic Inc.'s holdings in S&P Global were worth $25,963,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. Graham Capital Management L.P. purchased a new stake in S&P Global in the fourth quarter valued at approximately $14,040,000. GAMMA Investing LLC grew its holdings in S&P Global by 20.2% in the first quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock valued at $2,139,000 after purchasing an additional 708 shares during the period. E Fund Management Co. Ltd. grew its holdings in S&P Global by 59.7% in the first quarter. E Fund Management Co. Ltd. now owns 2,909 shares of the business services provider's stock valued at $1,478,000 after purchasing an additional 1,088 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in S&P Global by 1.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock valued at $44,102,000 after purchasing an additional 1,166 shares during the period. Finally, Alaethes Wealth LLC purchased a new stake in S&P Global in the fourth quarter valued at approximately $2,029,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Stifel Nicolaus decreased their target price on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company upped their target price on shares of S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Robert W. Baird reduced their price objective on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. 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 note on Tuesday, July 8th. Finally, 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 note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $611.69.

S&P Global Stock Performance

SPGI traded up $2.4890 during trading on Tuesday, reaching $553.6990. 1,299,639 shares of the company were exchanged, compared to its average volume of 1,281,052. The stock has a market cap of $169.04 billion, a P/E ratio of 42.59, a PEG ratio of 2.98 and a beta of 1.19. The firm has a 50 day moving average of $530.60 and a 200 day moving average of $512.67. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05.

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

S&P Global Announces Dividend

The company 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 $0.96 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.7%. S&P Global's dividend payout ratio (DPR) is currently 29.54%.

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.