Mountain Pacific Investment Advisers LLC Has $7.55 Million Holdings in S&P Global Inc. $SPGI

Key Points

• Mountain Pacific Investment Advisers LLC has reduced its stake in S&P Global Inc. by 10.4%, holding a total value of approximately $7.55 million as of the end of the last quarter.
• Hedge funds and institutional investors now own 87.17% of S&P Global's stock, with notable increases in holdings from firms such as Price T Rowe Associates and Vanguard Group.
• S&P Global reported a 5.8% year-over-year increase in revenue for the quarter, alongside a quarterly dividend of $0.96 per share to be paid in December.

Mountain Pacific Investment Advisers LLC decreased its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 10.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,312 shares of the business services provider's stock after selling 1,663 shares during the quarter. Mountain Pacific Investment Advisers LLC's holdings in S&P Global were worth $7,547,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in S&P Global by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider's stock valued at $15,130,711,000 after purchasing an additional 108,729 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of S&P Global by 3.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider's stock valued at $1,618,934,000 after acquiring an additional 114,843 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of S&P Global by 26.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider's stock worth $1,497,493,000 after acquiring an additional 614,809 shares in the last quarter. Goldman Sachs Group Inc. grew its position in S&P Global by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider's stock worth $1,403,468,000 after acquiring an additional 97,324 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in S&P Global during the 1st quarter valued at $1,103,665,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SPGI shares. Citigroup boosted their price objective on S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Wells Fargo & Company upped their price target on shares of S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a research report on Friday, September 19th. UBS Group raised their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. boosted their target price on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Finally, Oppenheimer increased their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $614.46.

S&P Global Trading Down 1.0%

SPGI opened at $481.84 on Thursday. The firm has a 50 day simple moving average of $537.56 and a 200 day simple moving average of $515.09. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The company has a market cap of $147.11 billion, a price-to-earnings ratio of 37.06, a price-to-earnings-growth ratio of 2.61 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 released its earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping analysts' consensus estimates of $4.18 by $0.25. The firm 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 business's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. 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.

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