Nan Shan Life Insurance Co. Ltd. lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 37.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,110 shares of the business services provider's stock after selling 37,448 shares during the period. Nan Shan Life Insurance Co. Ltd.'s holdings in S&P Global were worth $31,558,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in SPGI. Nuveen LLC acquired a new position in S&P Global during the first quarter worth approximately $1,103,665,000. GAMMA Investing LLC increased its position in S&P Global by 60,982.3% during the first quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock worth $1,086,877,000 after buying an additional 2,135,599 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in S&P Global by 70.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider's stock worth $826,819,000 after buying an additional 670,392 shares during the period. Northern Trust Corp increased its position in S&P Global by 19.1% during the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after buying an additional 525,347 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in S&P Global during the fourth quarter worth approximately $238,503,000. Institutional investors and hedge funds own 87.17% of the company's stock.
S&P Global Price Performance
Shares of S&P Global stock traded up $3.49 during trading on Friday, reaching $555.93. The company's stock had a trading volume of 1,060,179 shares, compared to its average volume of 1,224,779. 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 Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a market capitalization of $169.73 billion, a P/E ratio of 42.76, a price-to-earnings-growth ratio of 2.96 and a beta of 1.19. The business has a 50 day moving average price of $534.30 and a 200-day moving average price of $513.78.
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, beating analysts' consensus estimates of $4.18 by $0.25. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the business earned $4.04 earnings per share. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.
S&P Global Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, August 26th. S&P Global's payout ratio is presently 29.54%.
Analyst Upgrades and Downgrades
Several research analysts have commented on SPGI shares. Oppenheimer lifted their price target on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. UBS Group boosted their target price on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Stifel Nicolaus dropped their target price on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Barclays boosted their target price on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, Argus raised S&P Global to a "strong-buy" rating in a report on Friday, May 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $611.69.
Read Our Latest Stock Report on SPGI
About S&P Global
(
Free Report)
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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