Findlay Park Partners LLP Has $307.72 Million Stock Position in S&P Global Inc. $SPGI

Key Points

• Findlay Park Partners LLP increased its stake in S&P Global Inc. by purchasing 8,000 shares, bringing its total holdings to 605,620 shares, which constitutes 3.2% of its portfolio.
• Institutional investors own approximately 87.17% of S&P Global's shares, with several firms recently acquiring new positions valued between $25,000 and $28,000.
• Analysts have a consensus rating of "Buy" for S&P Global, with target prices ranging from $603.00 to $660.00, indicating positive sentiment among equities research analysts.

Findlay Park Partners LLP grew its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 1.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 605,620 shares of the business services provider's stock after buying an additional 8,000 shares during the period. S&P Global makes up 3.2% of Findlay Park Partners LLP's holdings, making the stock its 3rd biggest position. Findlay Park Partners LLP owned 0.20% of S&P Global worth $307,716,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in S&P Global by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider's stock worth $15,130,711,000 after buying an additional 108,729 shares during the period. Northern Trust Corp grew its holdings in shares of S&P Global by 19.1% during the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after purchasing an additional 525,347 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of S&P Global by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock worth $1,529,653,000 after purchasing an additional 357,790 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings 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 in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of S&P Global by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider's stock worth $1,403,468,000 after purchasing an additional 97,324 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SPGI shares. Argus raised S&P Global to a "strong-buy" rating in a report on Friday, May 16th. BMO Capital Markets increased their target price on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Oppenheimer increased their target price on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. 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 research note on Friday, August 1st. Finally, UBS Group raised their price objective on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $611.69.

S&P Global Trading Up 0.2%

Shares of SPGI stock traded up $1.06 during mid-day trading on Friday, reaching $548.61. 886,915 shares of the stock traded hands, compared to its average volume of 1,274,653. The stock's fifty day simple moving average is $538.10 and its two-hundred day simple moving average is $514.72. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The company has a market cap of $167.49 billion, a price-to-earnings ratio of 42.20, a price-to-earnings-growth ratio of 2.94 and a beta of 1.19. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping analysts' consensus estimates of $4.18 by $0.25. The company 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 firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, August 26th. S&P Global's payout ratio is presently 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.