Groupama Asset Managment raised its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 14.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,780 shares of the business services provider's stock after acquiring an additional 2,130 shares during the period. Groupama Asset Managment's holdings in S&P Global were worth $8,432,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of 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 $3.49 on Friday, hitting $555.93. The stock had a trading volume of 1,060,179 shares, compared to its average volume of 1,238,374. The stock has a market cap of $169.73 billion, a price-to-earnings ratio of 42.76, a price-to-earnings-growth ratio of 2.98 and a beta of 1.19. 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 business's 50-day simple moving average is $534.30 and its two-hundred day simple moving average is $513.75. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05.
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. As a group, research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.
S&P Global Announces Dividend
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 Upgrades and Downgrades
A number of research firms have recently commented on SPGI. 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 research note on Friday, August 1st. Barclays increased their price objective on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. BMO Capital Markets increased their price objective on S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Morgan Stanley increased their price objective on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Oppenheimer increased their price objective on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. 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 company. According to MarketBeat.com, S&P Global has a consensus rating of "Buy" and an average target price of $611.69.
Get Our Latest Report on S&P Global
S&P Global Company Profile
(
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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