GuoLine Advisory Pte Ltd Sells 30,500 Shares of S&P Global Inc. $SPGI

Key Points

• GuoLine Advisory Pte Ltd reduced its stake in S&P Global Inc. by 33.4%, selling 30,500 shares during the 2nd quarter, leaving it with a total of 60,900 shares.
• S&P Global reported earnings of $4.43 per share for the last quarter, surpassing analysts' expectations and marking a 5.8% increase in revenue year-over-year.
• Wells Fargo, JPMorgan, and Barclays have all increased their price targets for S&P Global, now averaging $611.69, indicating a generally positive outlook from analysts.

GuoLine Advisory Pte Ltd reduced its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 33.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,900 shares of the business services provider's stock after selling 30,500 shares during the quarter. S&P Global comprises about 3.4% of GuoLine Advisory Pte Ltd's portfolio, making the stock its 14th biggest position. GuoLine Advisory Pte Ltd's holdings in S&P Global were worth $32,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Costello Asset Management INC bought a new stake in shares of S&P Global during the first quarter valued at approximately $26,000. Cheviot Value Management LLC acquired a new position in S&P Global in the first quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new position in S&P Global in the first quarter valued at approximately $28,000. CBIZ Investment Advisory Services LLC lifted its holdings in S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock valued at $31,000 after buying an additional 31 shares during the period. Finally, eCIO Inc. acquired a new position in S&P Global in the first quarter valued at approximately $32,000. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Down 1.0%

SPGI opened at $545.26 on Friday. The firm's fifty day moving average is $542.91 and its two-hundred day moving average is $515.09. 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 firm has a market cap of $166.47 billion, a PE ratio of 41.94, a price-to-earnings-growth ratio of 2.95 and a beta of 1.20. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last posted its 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. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the business posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. S&P Global's dividend payout ratio is currently 29.54%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. JPMorgan Chase & Co. increased their price objective on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Barclays increased their price objective on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Morgan Stanley increased their price objective on shares of S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Oppenheimer increased their target price on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $611.69.

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.

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