MAI Capital Management Sells 493 Shares of S&P Global Inc. $SPGI

Key Points

• MAI Capital Management reduced its stake in S&P Global Inc. by 4% after selling 493 shares, leaving it with 11,745 shares valued at approximately $5.97 million.
• Analysts have raised their price targets for S&P Global, with JPMorgan Chase setting a new target of $625, indicating a positive outlook for the company's stock despite previous fluctuations.
• S&P Global's quarterly earnings surpassed projections, with reported earnings per share of $4.43, exceeding estimates by $0.25, while also declaring a quarterly dividend of $0.96 per share.

MAI Capital Management lowered its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 4.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,745 shares of the business services provider's stock after selling 493 shares during the period. MAI Capital Management's holdings in S&P Global were worth $5,968,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Stegent Equity Advisors Inc. grew its holdings in S&P Global by 3.1% during the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider's stock worth $335,000 after purchasing an additional 20 shares during the period. Foster Dykema Cabot & Partners LLC lifted its position in shares of S&P Global by 0.7% in the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider's stock valued at $1,453,000 after buying an additional 20 shares during the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of S&P Global by 2.8% during the 1st quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider's stock worth $387,000 after acquiring an additional 21 shares during the period. Hemington Wealth Management increased its holdings in shares of S&P Global by 8.0% during the 1st quarter. Hemington Wealth Management now owns 284 shares of the business services provider's stock worth $144,000 after acquiring an additional 21 shares during the last quarter. Finally, Retirement Planning Group LLC raised its stake in S&P Global by 0.4% in the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock valued at $2,870,000 after acquiring an additional 22 shares during the period. Institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

Shares of S&P Global stock traded down $2.65 during midday trading on Friday, hitting $537.61. 920,331 shares of the company traded hands, compared to its average volume of 1,267,291. The stock has a market cap of $164.13 billion, a price-to-earnings ratio of 41.35, a PEG ratio of 2.89 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The firm's fifty day moving average price is $540.83 and its 200-day moving average price is $514.87. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $3.76 billion for 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%. The firm's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $4.04 EPS. 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 earnings per share for the current year.

S&P Global Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective 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. UBS Group raised 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 note on Tuesday, July 8th. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Oppenheimer raised their price objective on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Finally, BMO Capital Markets boosted their price objective on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. One 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus 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.