Focus Partners Wealth Sells 35,481 Shares of S&P Global Inc. $SPGI

Key Points

• Focus Partners Wealth reduced its stake in S&P Global Inc. by 16.5%, selling 35,481 shares and owning 180,046 shares valued at $91,482,000 as of the latest SEC filing.
• Several institutional investors increased their stakes in S&P Global, with notable increases from GAMMA Investing LLC (over 60,000%) and Mitsubishi UFJ Asset Management (by 70.1%).
• S&P Global reported earnings of $4.43 per share, exceeding estimates, with a 5.8% year-over-year revenue increase of $3.76 billion for the quarter.

Focus Partners Wealth lessened its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 16.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,046 shares of the business services provider's stock after selling 35,481 shares during the quarter. Focus Partners Wealth owned 0.06% of S&P Global worth $91,482,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SPGI. Nuveen LLC bought a new position in S&P Global in the 1st quarter valued at $1,103,665,000. GAMMA Investing LLC increased its stake in shares of S&P Global by 60,982.3% in 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 buying an additional 2,135,599 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of S&P Global by 70.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider's stock valued at $826,819,000 after buying an additional 670,392 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of S&P Global by 26.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider's stock valued at $1,497,493,000 after buying an additional 614,809 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of S&P Global in the 4th quarter valued at $238,503,000. Institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

S&P Global stock opened at $547.51 on Wednesday. The company has a market capitalization of $167.16 billion, a price-to-earnings ratio of 42.12, a PEG ratio of 2.92 and a beta of 1.20. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The stock's 50 day moving average is $541.94 and its 200-day moving average is $514.81.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.25. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same period in the prior year, the company earned $4.04 earnings per share. The company's quarterly revenue was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The company also recently announced 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. 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 dividend payout ratio (DPR) is currently 29.54%.

Analyst Ratings Changes

SPGI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. BMO Capital Markets boosted their target price on S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Wells Fargo & Company boosted their target price on S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Argus raised S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Finally, Barclays boosted their target price on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, S&P Global currently has a consensus rating of "Buy" and a consensus price target of $611.69.

About S&P Global

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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