Ninety One North America Inc. Acquires 20,232 Shares of S&P Global Inc. $SPGI

Key Points

• Ninety One North America Inc. increased its stake in S&P Global Inc. by 41.9%, acquiring an additional 20,232 shares during the second quarter, bringing its total holdings to 68,511 shares worth approximately $36.1 million.
• Several other investors have also made moves regarding S&P Global, with institutional investors collectively owning 87.17% of the company's stock.
• S&P Global's stock is currently trading at $486.45, and the company recently reported quarterly earnings of $4.43 EPS, exceeding estimates while also announcing a quarterly dividend of $0.96 per share.

Ninety One North America Inc. boosted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 41.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,511 shares of the business services provider's stock after buying an additional 20,232 shares during the quarter. S&P Global makes up approximately 1.8% of Ninety One North America Inc.'s investment portfolio, making the stock its 22nd largest position. Ninety One North America Inc.'s holdings in S&P Global were worth $36,125,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Costello Asset Management INC bought a new position in S&P Global in the 1st quarter valued at approximately $26,000. Cheviot Value Management LLC bought a new position in S&P Global in the 1st quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in S&P Global in the 2nd quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC bought a new position in S&P Global in the 1st quarter valued at approximately $28,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock valued at $31,000 after buying an additional 31 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SPGI. BMO Capital Markets raised their price objective on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a report on Friday, August 1st. 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 report on Tuesday, July 8th. Wells Fargo & Company raised their price target 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. JPMorgan Chase & Co. raised their price target on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Finally, Barclays raised their price target on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $614.46.

S&P Global Stock Down 1.0%

S&P Global stock opened at $486.45 on Wednesday. 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 52-week low of $427.14 and a 52-week high of $579.05. The firm has a 50 day moving average price of $538.44 and a two-hundred day moving average price of $515.32. The firm has a market cap of $148.51 billion, a price-to-earnings ratio of 37.42, a PEG ratio of 2.63 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping the consensus estimate of $4.18 by $0.25. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. 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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