First Financial Bankshares Inc Has $15.15 Million Position in S&P Global Inc. $SPGI

Key Points

• First Financial Bankshares Inc increased its stake in S&P Global by 1.9%, holding 29,813 shares valued at approximately $15.15 million.
• Several analysts upgraded their target prices for S&P Global, with Wells Fargo & Company raising it from $632.00 to $660.00, now holding a consensus average rating of "Buy."
• S&P Global reported a net margin of 27.30% and earnings per share of $4.43 for the last quarter, exceeded expectations by $0.25.

First Financial Bankshares Inc grew its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 1.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 29,813 shares of the business services provider's stock after buying an additional 558 shares during the period. First Financial Bankshares Inc's holdings in S&P Global were worth $15,148,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in SPGI. Brighton Jones LLC raised its position in shares of S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock valued at $1,582,000 after buying an additional 143 shares during the last quarter. Bank Pictet & Cie Europe AG raised its position in S&P Global by 3.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock worth $37,093,000 after purchasing an additional 2,413 shares in the last quarter. GHE LLC lifted its stake in S&P Global by 2.1% during the fourth quarter. GHE LLC now owns 13,504 shares of the business services provider's stock worth $6,725,000 after purchasing an additional 274 shares during the period. AQR Capital Management LLC lifted its stake in S&P Global by 3.5% during the fourth quarter. AQR Capital Management LLC now owns 36,404 shares of the business services provider's stock worth $18,130,000 after purchasing an additional 1,234 shares during the period. Finally, Aptus Capital Advisors LLC lifted its stake in S&P Global by 22.9% during the fourth quarter. Aptus Capital Advisors LLC now owns 3,960 shares of the business services provider's stock worth $1,972,000 after purchasing an additional 739 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

SPGI has been the subject of several analyst reports. Wells Fargo & Company raised their target price on S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. UBS Group raised their target price on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Barclays raised their price objective on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Morgan Stanley boosted their target price on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Oppenheimer boosted 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. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, S&P Global currently has an average rating of "Buy" and an average price target of $611.69.

S&P Global Stock Performance

Shares of S&P Global stock opened at $548.61 on Monday. 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 firm has a market cap of $167.49 billion, a P/E ratio of 42.20, a P/E/G ratio of 2.94 and a beta of 1.20. The firm has a 50 day simple moving average of $538.99 and a 200 day simple moving average of $514.47. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.7%. S&P Global's dividend payout ratio (DPR) is presently 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.

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