Groupe la Francaise Raises Stock Position in S&P Global Inc. $SPGI

Key Points

• Groupe la Francaise has increased its holdings in S&P Global Inc. by 7.1%, owning a total of 12,168 shares worth approximately $6.19 million after acquiring 804 additional shares in the first quarter.
• S&P Global reported earnings of $4.43 per share for the last quarter, surpassing expectations and showing a 5.8% increase in revenue compared to the same quarter last year.
• The company has announced a quarterly dividend of $0.96 per share, set to be paid on September 10, with a total annualized dividend of $3.84 and a yield of 0.7%.

Groupe la Francaise grew its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 7.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,168 shares of the business services provider's stock after purchasing an additional 804 shares during the period. Groupe la Francaise's holdings in S&P Global were worth $6,189,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. AlphaQuest LLC increased its holdings in S&P Global by 19.0% during the 1st quarter. AlphaQuest LLC now owns 5,732 shares of the business services provider's stock valued at $2,912,000 after purchasing an additional 915 shares during the period. Titan Global Capital Management USA LLC increased its holdings in S&P Global by 4.6% during the 1st quarter. Titan Global Capital Management USA LLC now owns 53,045 shares of the business services provider's stock valued at $26,952,000 after purchasing an additional 2,356 shares during the period. 1832 Asset Management L.P. increased its holdings in S&P Global by 55.1% during the 1st quarter. 1832 Asset Management L.P. now owns 166,359 shares of the business services provider's stock valued at $84,527,000 after purchasing an additional 59,105 shares during the period. Compound Planning Inc. increased its holdings in S&P Global by 12.8% during the 1st quarter. Compound Planning Inc. now owns 1,822 shares of the business services provider's stock valued at $926,000 after purchasing an additional 207 shares during the period. Finally, Norinchukin Bank The increased its holdings in S&P Global by 2.7% during the 1st quarter. Norinchukin Bank The now owns 105,210 shares of the business services provider's stock valued at $53,457,000 after purchasing an additional 2,807 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SPGI shares. Robert W. Baird reduced their price target on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. 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 report on Monday, July 21st. BMO Capital Markets boosted their price target on S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Wells Fargo & Company upped 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. Finally, UBS Group upped their target price on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. One investment 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 data from MarketBeat.com, S&P Global presently has an average rating of "Buy" and an average target price of $611.69.

S&P Global Stock Performance

Shares of S&P Global stock traded down $1.78 during trading on Thursday, hitting $548.09. 250,998 shares of the company's stock traded hands, compared to its average volume of 1,272,119. 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 1 year low of $427.14 and a 1 year high of $579.05. The stock has a market capitalization of $167.33 billion, a P/E ratio of 42.15, a PEG ratio of 2.96 and a beta of 1.19. The business has a 50-day simple moving average of $537.20 and a 200-day simple moving average of $514.49.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating 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 analysts' expectations of $3.65 billion. During the same period last year, the firm posted $4.04 earnings per share. S&P Global's revenue 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, analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio is presently 29.54%.

S&P Global Company 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.