Great Lakes Advisors LLC Has $46.07 Million Stock Position in S&P Global Inc. $SPGI

Key Points

• Great Lakes Advisors LLC reduced its holdings in S&P Global Inc. by 1.4%, owning 90,803 shares valued at approximately $46.07 million as of the latest SEC filing.
• Several hedge funds significantly increased their stakes in S&P Global during the first quarter, with Nuveen LLC acquiring a new stake worth over $1.1 billion and GAMMA Investing LLC boosting its stake by over 60,000%.
• Analysts are optimistic about S&P Global's future, with price targets raised by multiple firms; the average target now stands at $611.69, and the consensus rating is a "Buy".

Great Lakes Advisors LLC lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 1.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 90,803 shares of the business services provider's stock after selling 1,274 shares during the quarter. Great Lakes Advisors LLC's holdings in S&P Global were worth $46,073,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SPGI. Nuveen LLC acquired a new stake in S&P Global during the 1st quarter worth $1,103,665,000. GAMMA Investing LLC raised its stake in S&P Global by 60,982.3% during the 1st quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock worth $1,086,877,000 after buying an additional 2,135,599 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in S&P Global by 70.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider's stock worth $826,819,000 after buying an additional 670,392 shares during the period. Price T Rowe Associates Inc. MD raised its stake in S&P Global by 26.4% during the 1st 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 buying an additional 614,809 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in S&P Global during the 4th quarter worth $238,503,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SPGI shares. UBS Group raised their price objective on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Morgan Stanley raised their price objective on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Wells Fargo & Company increased their target price on S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Barclays increased their target price on S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. increased their target price on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, S&P Global presently has a consensus rating of "Buy" and an average price target of $611.69.

S&P Global Price Performance

Shares of NYSE SPGI opened at $537.61 on Monday. The stock has a market capitalization of $164.13 billion, a price-to-earnings ratio of 41.35, a PEG ratio of 2.88 and a beta of 1.20. The business has a 50-day moving average of $541.21 and a 200-day moving average of $514.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. 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 announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.25. The company 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%.S&P Global's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, sell-side analysts predict 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 issued 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 presently 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.

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