Fox Run Management L.L.C. trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 74.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 406 shares of the business services provider's stock after selling 1,211 shares during the period. Fox Run Management L.L.C.'s holdings in S&P Global were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Minot DeBlois Advisors LLC purchased a new position in S&P Global in the fourth quarter valued at about $25,000. Cheviot Value Management LLC bought a new stake in shares of S&P Global during the 1st quarter worth about $26,000. Costello Asset Management INC bought a new stake in shares of S&P Global during the 1st quarter worth about $26,000. Anderson Financial Strategies LLC bought a new stake in shares of S&P Global during the 4th quarter worth about $27,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in shares of S&P Global during the 1st quarter worth about $28,000. 87.17% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on SPGI. Argus upgraded S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. BMO Capital Markets increased 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. Morgan Stanley increased their target price 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. Oppenheimer increased their target price on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Wells Fargo & Company increased 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. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $611.69.
Check Out Our Latest Analysis on S&P Global
S&P Global Stock Performance
S&P Global stock traded up $3.49 during trading hours on Friday, hitting $555.93. The stock had a trading volume of 1,060,179 shares, compared to its average volume of 1,224,779. The company has a 50-day moving average of $534.30 and a two-hundred day moving average of $513.79. 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 $169.73 billion, a PE ratio of 42.76, a price-to-earnings-growth ratio of 2.98 and a beta of 1.19. 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 posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating the consensus estimate of $4.18 by $0.25. The firm had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.
S&P Global Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors 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 annualized dividend and a yield of 0.7%. S&P Global's payout ratio is currently 29.54%.
S&P Global Profile
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Free Report)
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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