Longview Partners Guernsey LTD Trims Holdings in S&P Global Inc. $SPGI

Key Points

• Longview Partners Guernsey LTD reduced its stake in S&P Global Inc. by 5.8% during the 1st quarter, now holding approximately 1.12 million shares, representing about 4.6% of its portfolio.
• S&P Global reported earnings of $4.43 per share, exceeding estimates and showing a 5.8% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.96 per share, with a yield of 0.7%, to be paid on September 10th.

Longview Partners Guernsey LTD decreased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,123,705 shares of the business services provider's stock after selling 68,948 shares during the period. S&P Global makes up 4.6% of Longview Partners Guernsey LTD's holdings, making the stock its 8th biggest holding. Longview Partners Guernsey LTD owned about 0.37% of S&P Global worth $570,955,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Minot DeBlois Advisors LLC bought a new stake in S&P Global in the fourth quarter valued at $25,000. Cheviot Value Management LLC bought a new stake in S&P Global in the first quarter valued at $26,000. Costello Asset Management INC bought a new stake in S&P Global in the first quarter valued at $26,000. Anderson Financial Strategies LLC bought a new stake in S&P Global in the fourth quarter valued at $27,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in S&P Global in the first quarter valued at $28,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. 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 note on Monday, July 21st. Morgan Stanley boosted their target price on shares of S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. UBS Group boosted their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Wells Fargo & Company boosted their target price on shares of S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Barclays boosted 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 report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, S&P Global currently has a consensus rating of "Buy" and an average price target of $611.69.

S&P Global Stock Up 0.2%

SPGI stock traded up $1.06 during trading on Friday, reaching $548.61. The stock had a trading volume of 886,915 shares, compared to its average volume of 1,274,653. 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 company has a market capitalization of $167.49 billion, a price-to-earnings ratio of 42.20, a P/E/G ratio of 2.94 and a beta of 1.19. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The company's 50 day moving average is $538.10 and its two-hundred day moving average is $514.72.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating analysts' consensus estimates of $4.18 by $0.25. The firm had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

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

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.