NewEdge Advisors LLC Boosts Stock Position in S&P Global Inc. $SPGI

Key Points

• NewEdge Advisors LLC increased its stake in S&P Global Inc. by 9.3%, acquiring an additional 1,670 shares, bringing its total holdings to 19,616 shares, valued at approximately $9.97 million.
• S&P Global reported earnings per share (EPS) of $4.43 for the last quarter, surpassing analysts' estimates by 25 cents and achieving a revenue of $3.76 billion, up 5.8% year-over-year.
• The company's most recent quarterly dividend was announced at $0.96 per share, representing an annualized yield of 0.7%, with a payout ratio of 29.54%.

NewEdge Advisors LLC raised its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 9.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,616 shares of the business services provider's stock after acquiring an additional 1,670 shares during the quarter. NewEdge Advisors LLC's holdings in S&P Global were worth $9,967,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of S&P Global by 1.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,441 shares of the business services provider's stock worth $20,547,000 after buying an additional 659 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in S&P Global by 6.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,603 shares of the business services provider's stock worth $2,339,000 after acquiring an additional 275 shares during the period. Gotham Asset Management LLC boosted its stake 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 acquiring an additional 4,568 shares during the last quarter. Hancock Whitney Corp grew its position 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 valued at $830,000 after acquiring an additional 75 shares during the period. Finally, Edmond DE Rothschild Holding S.A. increased its stake in shares of S&P Global by 25.5% in 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 purchasing an additional 3,434 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SPGI has been the topic of several analyst reports. UBS Group lifted their target price on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Argus raised S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. 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 report on Friday, August 1st. Barclays lifted their price target on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. increased their price objective 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. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $611.69.

S&P Global Price Performance

SPGI traded up $1.64 during trading on Tuesday, reaching $547.51. 631,745 shares of the company traded hands, compared to its average volume of 1,003,596. The company has a market cap of $167.16 billion, a P/E ratio of 42.12, a PEG ratio of 2.92 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The firm has a fifty day simple moving average of $541.94 and a 200 day simple moving average of $514.81.

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 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%. S&P Global's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, equities analysts forecast 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. Stockholders of record on Tuesday, August 26th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's payout ratio is 29.54%.

About S&P Global

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.