S&P Global Inc. $SPGI is Ironvine Capital Partners LLC's 6th Largest Position

Key Points

• Ironvine Capital Partners LLC has reduced its stake in S&P Global Inc. by 1.3%, now holding 95,999 shares valued at approximately $48.8 million, making it the firm's 6th largest position.
• S&P Global Inc.** reported stronger-than-expected earnings of $4.43 per share for the last quarter and a revenue of $3.76 billion, surpassing analyst estimates, while also forecasting earnings for FY 2025 between $17.00 and $17.25 per share.
• S&P Global** announced a quarterly dividend of $0.96 per share, representing a yield of 0.7%, to be paid on September 10th, 2023, with an ex-dividend date of August 26th.

Ironvine Capital Partners LLC lowered its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 1.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 95,999 shares of the business services provider's stock after selling 1,225 shares during the period. S&P Global comprises about 5.3% of Ironvine Capital Partners LLC's portfolio, making the stock its 6th largest holding. Ironvine Capital Partners LLC's holdings in S&P Global were worth $48,777,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Minot DeBlois Advisors LLC purchased a new position in shares of S&P Global during the 4th quarter valued at about $25,000. Costello Asset Management INC purchased a new position in shares of S&P Global during the 1st quarter valued at about $26,000. Cheviot Value Management LLC purchased a new position in shares of S&P Global during the 1st quarter valued at about $26,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of S&P Global during the 1st quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC raised its stake in shares of S&P Global by 103.3% during 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 last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Trading Up 0.3%

NYSE SPGI traded up $1.64 on Tuesday, reaching $547.51. The stock had a trading volume of 625,170 shares, compared to its average volume of 1,262,309. The firm has a market capitalization of $167.16 billion, a price-to-earnings ratio of 42.12, a P/E/G ratio of 2.88 and a beta of 1.20. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The stock has a fifty day moving average price of $541.58 and a two-hundred day moving average price of $514.58.

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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the prior year, the firm posted $4.04 earnings per share. S&P Global's revenue for the quarter was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Oppenheimer raised their target price 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. BMO Capital Markets boosted their target price on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Morgan Stanley boosted their target price on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. JPMorgan Chase & Co. lifted their price target on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Finally, Argus raised shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, S&P Global currently has an average rating of "Buy" and an average price target of $611.69.

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.