Kestra Investment Management LLC Has $1.23 Million Stock Holdings in S&P Global Inc. $SPGI

Key Points

• Kestra Investment Management LLC increased its position in S&P Global Inc. by 27.3%, acquiring an additional 518 shares, bringing its total holdings to 2,418 shares worth approximately $1,229,000.
• Several institutional investors have also boosted their stakes in S&P Global, with E Fund Management Co. Ltd. leading with a 59.7% increase in the first quarter.
• S&P Global reported quarterly earnings of $4.43 EPS, exceeding analysts' expectations, with a revenue of $3.76 billion, marking a 5.8% year-over-year growth.

Kestra Investment Management LLC lifted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 27.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,418 shares of the business services provider's stock after buying an additional 518 shares during the quarter. Kestra Investment Management LLC's holdings in S&P Global were worth $1,229,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in S&P Global by 20.2% in the first quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock worth $2,139,000 after purchasing an additional 708 shares during the period. E Fund Management Co. Ltd. increased its position in S&P Global by 59.7% in the first quarter. E Fund Management Co. Ltd. now owns 2,909 shares of the business services provider's stock worth $1,478,000 after purchasing an additional 1,088 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in S&P Global by 1.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock worth $44,102,000 after purchasing an additional 1,166 shares during the period. Linden Thomas Advisory Services LLC increased its position in S&P Global by 5.2% in the first quarter. Linden Thomas Advisory Services LLC now owns 10,850 shares of the business services provider's stock worth $5,513,000 after purchasing an additional 536 shares during the period. Finally, Bank Pictet & Cie Europe AG increased its position in S&P Global by 3.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock worth $37,093,000 after purchasing an additional 2,413 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Down 1.0%

Shares of SPGI traded down $5.62 on Friday, hitting $545.26. The company's stock had a trading volume of 1,008,379 shares, compared to its average volume of 993,151. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm's fifty day moving average price is $542.91 and its 200-day moving average price is $515.19. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The firm has a market capitalization of $166.47 billion, a price-to-earnings ratio of 41.94, a P/E/G ratio of 2.95 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results 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 firm had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter in the previous year, the business posted $4.04 EPS. The business's quarterly 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. On average, equities research analysts expect 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 paid a dividend of $0.96 per share. The ex-dividend date was Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.7%. S&P Global's dividend payout ratio is currently 29.54%.

Analyst Ratings Changes

SPGI has been the subject of a number of research reports. UBS Group lifted their price objective on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. 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 research report on Friday, August 1st. Oppenheimer boosted their target price on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Barclays boosted their target price on S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. boosted their target price on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. One equities research 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. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price 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.