S&P Global Inc. $SPGI Shares Purchased by GDS Wealth Management

Key Points

• GDS Wealth Management increased its stake in S&P Global Inc. (NYSE:SPGI) by 6.0%, owning 30,808 shares worth $15,654,000 after acquiring an additional 1,753 shares in Q1.
• S&P Global reported a quarterly earnings per share (EPS) of $4.43, exceeding estimates, with a revenue of $3.76 billion, marking a 5.8% year-over-year increase.
• The firm announced a quarterly dividend of $0.96 to be paid on September 10th, representing a 0.7% dividend yield and a payout ratio of 29.54%.

GDS Wealth Management grew its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 6.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,808 shares of the business services provider's stock after acquiring an additional 1,753 shares during the period. GDS Wealth Management's holdings in S&P Global were worth $15,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Graham Capital Management L.P. bought a new stake in S&P Global during the fourth quarter valued at about $14,040,000. GAMMA Investing LLC boosted its holdings in shares of S&P Global by 20.2% during the 1st quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock valued at $2,139,000 after purchasing an additional 708 shares during the last quarter. E Fund Management Co. Ltd. increased its holdings in shares of S&P Global by 59.7% in the first quarter. E Fund Management Co. Ltd. now owns 2,909 shares of the business services provider's stock worth $1,478,000 after purchasing an additional 1,088 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of S&P Global by 1.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock worth $44,102,000 after acquiring an additional 1,166 shares in the last quarter. Finally, Alaethes Wealth LLC bought a new position in S&P Global during the fourth quarter valued at $2,029,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Down 0.7%

Shares of SPGI stock traded down $4.1160 during trading hours on Monday, reaching $552.5440. 225,166 shares of the company's stock were exchanged, compared to its average volume of 1,272,925. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The stock's 50 day moving average is $534.30 and its 200-day moving average is $513.75. 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 company has a market cap of $168.69 billion, a price-to-earnings ratio of 42.49, a P/E/G ratio of 2.98 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) 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 last year, the business posted $4.04 earnings per share. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business 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 dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.7%. S&P Global's dividend payout ratio (DPR) is presently 29.54%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SPGI. UBS Group boosted their target price on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Wells Fargo & Company raised their price target 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. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Barclays lifted their price target on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Robert W. Baird reduced their price objective on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $611.69.

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.