Ninety One UK Ltd Buys 7,553 Shares of S&P Global Inc. $SPGI

Key Points

• Ninety One UK Ltd increased its stake in S&P Global Inc. by 0.8%, now holding 928,559 shares after acquiring an additional 7,553 shares in the second quarter.
• Multiple analysts raised their price targets for S&P Global, with Citigroup setting a new target of $635.00, reflecting a positive outlook for the stock.
• S&P Global announced a quarterly dividend of $0.96 per share, with the ex-dividend date on November 25th, indicating a yield of 0.8% annually.

Ninety One UK Ltd grew its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 0.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 928,559 shares of the business services provider's stock after buying an additional 7,553 shares during the period. S&P Global accounts for approximately 1.1% of Ninety One UK Ltd's investment portfolio, making the stock its 26th largest holding. Ninety One UK Ltd owned approximately 0.30% of S&P Global worth $489,620,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Divergent Planning LLC acquired a new stake in shares of S&P Global during the second quarter worth $303,000. Dynamic Advisor Solutions LLC increased its position in shares of S&P Global by 6.3% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider's stock valued at $6,568,000 after buying an additional 733 shares in the last quarter. SCS Capital Management LLC bought a new stake in shares of S&P Global in the first quarter worth about $240,000. Foster Victor Wealth Advisors LLC increased its stake in S&P Global by 4.6% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider's stock worth $16,562,000 after purchasing an additional 1,383 shares in the last quarter. Finally, Caxton Associates LLP acquired a new stake in shares of S&P Global in the 1st quarter valued at about $386,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of recent research reports. Citigroup upped their price target on S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. UBS Group increased their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Morgan Stanley lifted their price target on shares of S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. 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. Finally, Oppenheimer lifted their target price on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $614.46.

S&P Global Stock Performance

Shares of SPGI opened at $486.45 on Wednesday. The company has a market cap of $148.51 billion, a PE ratio of 37.42, a price-to-earnings-growth ratio of 2.63 and a beta of 1.20. The firm has a 50-day moving average of $538.44 and a 200-day moving average of $515.32. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. 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 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 business 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%. S&P Global's revenue was up 5.8% on a year-over-year basis. During the same period last year, the business posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, equities analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

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