George Kaiser Family Foundation Buys New Holdings in S&P Global Inc. $SPGI

Key Points

• The George Kaiser Family Foundation invested approximately $279,000 in S&P Global Inc., acquiring 549 shares in the first quarter of the year.
• Institutional ownership is significant, with 87.17% of S&P Global's stock held by institutional investors and hedge funds.
• S&P Global reported earnings of $4.43 per share for the last quarter, exceeding analyst expectations and showing a year-over-year revenue increase of 5.8%.

George Kaiser Family Foundation purchased a new position in S&P Global Inc. (NYSE:SPGI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 549 shares of the business services provider's stock, valued at approximately $279,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new stake in shares of S&P Global in the fourth quarter worth $25,000. Cheviot Value Management LLC purchased a new stake in shares of S&P Global in the first quarter worth $26,000. Costello Asset Management INC purchased a new stake in shares of S&P Global in the first quarter worth $26,000. Anderson Financial Strategies LLC purchased a new stake in shares of S&P Global in the fourth quarter worth $27,000. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in shares of S&P Global in the first quarter worth $28,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

NYSE:SPGI traded up $3.4380 during mid-day trading on Wednesday, hitting $557.8680. 1,553,448 shares of the company traded hands, compared to its average volume of 1,282,857. The stock's fifty day moving average price is $531.39 and its 200-day moving average price is $512.95. 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 Inc. has a one year low of $427.14 and a one year high of $579.05. The firm has a market cap of $170.32 billion, a price-to-earnings ratio of 42.91, a price-to-earnings-growth ratio of 2.95 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last posted 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. 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 for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the company earned $4.04 earnings per share. The business'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. Research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business 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 $0.96 dividend. The ex-dividend date of this dividend 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 29.54%.

Analyst Ratings Changes

A number of research firms have recently commented on SPGI. BMO Capital Markets increased their target price on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Robert W. Baird cut their target price on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Argus raised S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. UBS Group upped their price target on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, Morgan Stanley upped their price target on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a report on Friday, August 1st. 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 company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price 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.