S&P Global Inc. $SPGI Shares Sold by MetLife Investment Management LLC

Key Points

• MetLife Investment Management LLC reduced its stake in S&P Global Inc. by selling 2,178 shares, bringing its total ownership to 81,782 shares valued at approximately $41.55 million.
• S&P Global reported a quarterly earnings per share of $4.43, exceeding analysts' estimates of $4.18, along with a revenue increase of 5.8% year-over-year.
• The company announced a quarterly dividend of $0.96, representing a 0.7% yield, with the payment date set for September 10th for shareholders of record by August 26th.

MetLife Investment Management LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 2.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 81,782 shares of the business services provider's stock after selling 2,178 shares during the quarter. MetLife Investment Management LLC's holdings in S&P Global were worth $41,553,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Minot DeBlois Advisors LLC purchased a new position in S&P Global in the 4th quarter worth approximately $25,000. Cheviot Value Management LLC purchased a new position in S&P Global in the 1st quarter worth approximately $26,000. Costello Asset Management INC purchased a new position in S&P Global in the 1st quarter worth approximately $26,000. Anderson Financial Strategies LLC purchased a new position in S&P Global in the 4th quarter worth approximately $27,000. Finally, Smallwood Wealth Investment Management LLC purchased a new position in shares of S&P Global during the 1st quarter valued at approximately $28,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on SPGI shares. UBS Group increased their target price on 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. increased their target price on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. BMO Capital Markets increased their target price on S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Robert W. Baird reduced their target price on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company increased their target price on S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, S&P Global has an average rating of "Buy" and a consensus target price of $611.69.

S&P Global Stock Performance

SPGI traded down $2.20 during trading hours on Thursday, hitting $547.67. 1,031,949 shares of the stock were exchanged, compared to its average volume of 1,276,973. The stock has a 50-day simple moving average of $537.20 and a 200-day simple moving average of $514.49. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The stock has a market cap of $167.20 billion, a price-to-earnings ratio of 42.13, a price-to-earnings-growth ratio of 2.96 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 15.11% and a net margin of 27.30%.The firm's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the business posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Analysts anticipate that S&P Global Inc. will post 17.11 earnings per share 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. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. S&P Global's payout ratio is 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.