Gotham Asset Management LLC Raises Position in S&P Global Inc. $SPGI

Key Points

• Gotham Asset Management LLC increased its holdings in S&P Global Inc. by 21.9%, now owning 25,422 shares valued at approximately $12.9 million.
• S&P Global recently reported quarterly earnings of $4.43 EPS, exceeding analysts' expectations, with a revenue of $3.76 billion, up 5.8% year-over-year.
• The company declared a quarterly dividend of $0.96 per share, resulting in an annualized yield of 0.7%, with the dividend payout ratio standing at 29.54%.

Gotham Asset Management LLC grew its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 21.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,422 shares of the business services provider's stock after purchasing an additional 4,568 shares during the quarter. Gotham Asset Management LLC's holdings in S&P Global were worth $12,917,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of S&P Global by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider's stock valued at $15,130,711,000 after purchasing an additional 108,729 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in S&P Global by 13.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock valued at $1,529,653,000 after purchasing an additional 357,790 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of S&P Global by 26.4% during the first 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 acquiring an additional 614,809 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in S&P Global by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider's stock worth $1,403,468,000 after purchasing an additional 97,324 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in S&P Global by 11.4% in the fourth quarter. Nuveen Asset Management LLC now owns 2,184,312 shares of the business services provider's stock worth $1,087,853,000 after purchasing an additional 224,294 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SPGI has been the subject of a number of analyst reports. Morgan Stanley upped their price objective on shares of S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Barclays raised 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. Argus upgraded S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Wells Fargo & Company lifted their target price on S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. boosted their price target 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. One 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $611.69.

S&P Global Stock Performance

Shares of NYSE SPGI traded up $1.64 during mid-day trading on Tuesday, hitting $547.51. The stock had a trading volume of 631,745 shares, compared to its average volume of 1,003,596. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The company has a 50 day moving average of $541.94 and a two-hundred day moving average of $514.81. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The firm has a market cap of $167.16 billion, a PE ratio of 42.12, a PEG ratio of 2.92 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly 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 company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period last year, the firm earned $4.04 EPS. The firm'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 predict 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 dividend on an annualized basis and a yield of 0.7%. S&P Global's dividend payout ratio (DPR) is currently 29.54%.

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.