IFM Investors Pty Ltd Has $31.88 Million Stake in S&P Global Inc. $SPGI

Key Points

• IFM Investors Pty Ltd increased its stake in S&P Global Inc. by purchasing an additional 2,220 shares, bringing its total holdings to 60,453 shares, valued at approximately $31.88 million.
• A variety of research firms have recently raised their price targets for S&P Global's stock, with Wells Fargo increasing its target from $632 to $660, reflecting positive analyst sentiment.
• S&P Global announced a quarterly dividend of $0.96, set to be paid on December 10th, with an annualized yield of 0.8% based on its current stock price.

IFM Investors Pty Ltd boosted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 3.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,453 shares of the business services provider's stock after purchasing an additional 2,220 shares during the quarter. IFM Investors Pty Ltd's holdings in S&P Global were worth $31,876,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Costello Asset Management INC bought a new position in S&P Global in the 1st quarter valued at about $26,000. Cheviot Value Management LLC bought a new position in S&P Global in the 1st quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in S&P Global in the 2nd quarter valued at about $26,000. Smallwood Wealth Investment Management LLC bought a new position in S&P Global in the 1st quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings in S&P Global by 103.3% in the 1st 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. Institutional investors and hedge funds own 87.17% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. UBS Group raised their target price on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Wells Fargo & Company lifted their price target on shares of S&P Global from $660.00 to $661.00 and gave the company an "overweight" rating in a report on Friday. Oppenheimer lifted their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. BMO Capital Markets lifted their price target on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, Morgan Stanley lifted their price target 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. One analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $614.46.

S&P Global Trading Down 1.6%

SPGI traded down $8.01 during trading on Tuesday, reaching $497.56. 839,844 shares of the company's stock were exchanged, compared to its average volume of 1,280,223. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $151.91 billion, a PE ratio of 38.29, a price-to-earnings-growth ratio of 2.71 and a beta of 1.20. The firm has a fifty day moving average price of $542.48 and a two-hundred day moving average price of $515.27.

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 analysts' consensus estimates of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the previous year, the firm posted $4.04 EPS. The company'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, equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global's payout ratio is 29.54%.

S&P Global 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.