Focus Partners Advisor Solutions LLC Raises Stock Holdings in S&P Global Inc. $SPGI

Key Points

• Focus Partners Advisor Solutions LLC increased its holdings in S&P Global Inc. by 113.7%, acquiring an additional 1,023 shares during the first quarter, resulting in a total of 1,923 shares valued at approximately $977,000.
• Multiple brokerages have raised their price targets for S&P Global, with Wells Fargo increasing its target from $632 to $660, and the average target price now set at $611.69.
• S&P Global recently reported a quarterly EPS of $4.43, exceeding analysts' expectations, alongside a 5.8% increase in revenue compared to the same quarter last year.

Focus Partners Advisor Solutions LLC lifted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 113.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,923 shares of the business services provider's stock after acquiring an additional 1,023 shares during the period. Focus Partners Advisor Solutions LLC's holdings in S&P Global were worth $977,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Nuveen LLC bought a new position in shares of S&P Global during the 1st quarter valued at approximately $1,103,665,000. GAMMA Investing LLC raised its stake in S&P Global by 60,982.3% during the 1st quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock valued at $1,086,877,000 after purchasing an additional 2,135,599 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of 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 buying an additional 670,392 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in 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 buying an additional 614,809 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of S&P Global during the fourth quarter worth $238,503,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on SPGI shares. Barclays upped their target price on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Wells Fargo & Company raised their target price on S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Morgan Stanley raised their price objective on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. UBS Group increased their target price 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. Finally, Oppenheimer upped their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. One investment 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. According to data from MarketBeat.com, S&P Global currently has an average rating of "Buy" and an average price target of $611.69.

S&P Global Stock Up 1.5%

NYSE:SPGI traded up $7.89 during trading hours on Monday, hitting $545.95. 541,840 shares of the company traded hands, compared to its average volume of 1,262,791. The firm's 50-day simple moving average is $541.21 and its 200-day simple moving average is $514.49. The company has a market cap of $166.68 billion, a PE ratio of 41.92, a PEG ratio of 2.88 and a beta of 1.20. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data 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 company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.S&P Global's quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be paid a dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. S&P Global's payout ratio 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.