Meiji Yasuda Asset Management Co Ltd. Sells 2,543 Shares of S&P Global Inc. $SPGI

Key Points

• Meiji Yasuda Asset Management Co Ltd. reduced its stake in S&P Global Inc. by 8.5%, selling 2,543 shares and retaining 27,502 shares valued at approximately $13.97 million.
• Multiple institutional investors, including Vanguard Group and Price T Rowe Associates, have increased their stakes in S&P Global, indicating strong interest in the company's stock.
• S&P Global recently reported earnings of $4.43 per share, exceeding estimates, and announced a quarterly dividend of $0.96 per share, reflecting a yield of 0.7%.

Meiji Yasuda Asset Management Co Ltd. lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 8.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,502 shares of the business services provider's stock after selling 2,543 shares during the period. Meiji Yasuda Asset Management Co Ltd.'s holdings in S&P Global were worth $13,974,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SPGI. Minot DeBlois Advisors LLC bought a new position in shares of S&P Global in the fourth quarter worth approximately $25,000. Cheviot Value Management LLC bought a new position in shares of S&P Global in the first quarter worth approximately $26,000. Costello Asset Management INC bought a new position in shares of S&P Global in the first quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC bought a new position in shares of S&P Global in the first quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in shares of S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after buying an additional 31 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

Shares of SPGI traded down $5.62 during mid-day trading on Friday, reaching $545.26. The stock had a trading volume of 1,008,379 shares, compared to its average volume of 993,151. The firm has a market cap of $166.47 billion, a price-to-earnings ratio of 41.94, a PEG ratio of 2.95 and a beta of 1.20. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The business has a fifty day moving average of $542.91 and a 200 day moving average of $515.19. 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 (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, topping analysts' consensus estimates of $4.18 by $0.25. The business 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%. The company's revenue was up 5.8% on a year-over-year basis. During the same period 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. Equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th were given 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 several research reports. BMO Capital Markets boosted their price objective on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a report on Friday, August 1st. UBS Group boosted their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. boosted their price objective on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Morgan Stanley upped their target price on shares of S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Wells Fargo & Company upped their target price on shares of S&P Global from $632.00 to $660.00 and gave the company an "overweight" 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 issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price 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.