MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 659 Shares of S&P Global Inc. $SPGI

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 1.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 40,441 shares of the business services provider's stock after purchasing an additional 659 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in S&P Global were worth $20,547,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SPGI. Integrated Wealth Concepts LLC boosted its holdings in shares of S&P Global by 6.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,603 shares of the business services provider's stock worth $2,339,000 after buying an additional 275 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in shares of S&P Global by 21.9% during the 1st quarter. Gotham Asset Management LLC now owns 25,422 shares of the business services provider's stock worth $12,917,000 after buying an additional 4,568 shares in the last quarter. Hancock Whitney Corp boosted its holdings in shares of S&P Global by 4.8% during the 1st quarter. Hancock Whitney Corp now owns 1,634 shares of the business services provider's stock worth $830,000 after buying an additional 75 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its holdings in shares of S&P Global by 25.5% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 16,927 shares of the business services provider's stock worth $8,601,000 after buying an additional 3,434 shares in the last quarter. Finally, Eventide Asset Management LLC boosted its holdings in shares of S&P Global by 5.2% during the 1st quarter. Eventide Asset Management LLC now owns 18,535 shares of the business services provider's stock worth $9,411,000 after buying an additional 913 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Analyst Ratings Changes

SPGI has been the topic of a number of research analyst reports. Oppenheimer increased their price target on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. BMO Capital Markets increased their target price on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Wells Fargo & Company increased their target price on S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. JPMorgan Chase & Co. increased their target price on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Finally, Morgan Stanley increased their target price on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $611.69.

S&P Global Stock Down 1.0%

NYSE SPGI traded down $5.62 on Friday, reaching $545.26. The company had a trading volume of 1,008,379 shares, compared to its average volume of 993,151. The stock has a market capitalization of $166.47 billion, a P/E ratio of 41.94, a P/E/G ratio of 2.95 and a beta of 1.20. The company's fifty day moving average is $542.91 and its 200 day moving average is $515.19. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating 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 return on equity of 15.11% and a net margin of 27.30%.S&P Global's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced 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. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, August 26th. S&P Global's payout ratio is presently 29.54%.

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.