Kayne Anderson Rudnick Investment Management LLC Increases Stock Holdings in S&P Global Inc. $SPGI

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its stake in S&P Global Inc. by 52.6% during the first quarter, owning 82,205 shares valued at approximately $41.8 million.
• S&P Global reported $4.43 EPS for the last quarter, exceeding the consensus estimate by $0.25, and had revenues of $3.76 billion, up 5.8% compared to the previous year.
• The company announced a quarterly dividend of $0.96 per share, with a dividend yield of 0.7%, scheduled for payment on September 10th.

Kayne Anderson Rudnick Investment Management LLC increased its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 52.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,205 shares of the business services provider's stock after buying an additional 28,321 shares during the period. Kayne Anderson Rudnick Investment Management LLC's holdings in S&P Global were worth $41,769,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its stake in shares of S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after purchasing an additional 143 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in S&P Global by 3.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock valued at $37,093,000 after buying an additional 2,413 shares during the last quarter. GHE LLC increased its position in S&P Global by 2.1% during the fourth quarter. GHE LLC now owns 13,504 shares of the business services provider's stock worth $6,725,000 after buying an additional 274 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of S&P Global by 8.9% in the fourth quarter. Integrated Wealth Concepts LLC now owns 4,328 shares of the business services provider's stock worth $2,156,000 after acquiring an additional 352 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its position in shares of S&P Global by 2.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 8,788 shares of the business services provider's stock valued at $4,377,000 after acquiring an additional 220 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

SPGI opened at $555.93 on Monday. The company's 50 day simple moving average is $534.30 and its 200 day simple moving average is $513.75. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current 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 $169.73 billion, a PE ratio of 42.76, a P/E/G ratio of 2.98 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $3.76 billion during 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%. S&P Global's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given a $0.96 dividend. 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 (DPR) is 29.54%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Robert W. Baird dropped their price objective on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. BMO Capital Markets lifted their price target on shares of S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. UBS Group upped their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. raised their target price on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Finally, Barclays lifted their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of "Buy" and an average target price of $611.69.

About S&P Global

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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