Mirae Asset Global Investments Co. Ltd. Has $31.22 Million Stock Holdings in S&P Global Inc. $SPGI

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its holdings in S&P Global Inc. by 6.0% in the second quarter, owning 59,203 shares valued at approximately $31.22 million.
• Analysts have raised their price targets for S&P Global, with estimates ranging from $615.00 to $661.00 and a consensus average target price of $614.46.
• S&P Global recently announced a quarterly dividend of $0.96 per share, with a dividend yield of 0.8%, expected to be paid on December 10th.

Mirae Asset Global Investments Co. Ltd. grew its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 6.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,203 shares of the business services provider's stock after buying an additional 3,358 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in S&P Global were worth $31,217,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in SPGI. Costello Asset Management INC acquired a new stake in shares of S&P Global during the 1st quarter worth about $26,000. Cheviot Value Management LLC acquired a new stake in shares of S&P Global during the 1st quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of S&P Global during the 2nd quarter worth about $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of S&P Global during the 1st quarter worth about $28,000. Finally, CBIZ Investment Advisory Services LLC increased its position in shares of S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after purchasing an additional 31 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Morgan Stanley increased 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. BMO Capital Markets increased their target price on shares of S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Barclays increased 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. Wells Fargo & Company increased their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a report on Friday, September 19th. Finally, Oppenheimer increased their price objective on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, S&P Global has an average rating of "Buy" and an average target price of $614.46.

S&P Global Stock Up 0.7%

Shares of NYSE:SPGI opened at $479.88 on Friday. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The company's 50-day moving average price is $535.36 and its two-hundred day moving average price is $514.89. 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 firm has a market cap of $146.51 billion, a P/E ratio of 36.91, a P/E/G ratio of 2.55 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last issued its 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 company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global's dividend payout ratio (DPR) 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.

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