Nippon Life Global Investors Americas Inc. Lowers Position in S&P Global Inc. $SPGI

Key Points

• Nippon Life Global Investors Americas Inc. significantly reduced its stake in S&P Global Inc. by 39.2%, owning 1,180 shares valued at approximately $600,000 after selling 760 shares in the first quarter.
• Multiple analysts have recently raised their target prices for S&P Global, with Barclays increasing its target from $610 to $620 and Wells Fargo raising it to $660, reflecting a positive outlook for the stock.
• S&P Global announced a quarterly dividend of $0.96 per share, representing a 0.7% yield, with the dividend payment scheduled for September 10th.

Nippon Life Global Investors Americas Inc. trimmed its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 39.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,180 shares of the business services provider's stock after selling 760 shares during the quarter. Nippon Life Global Investors Americas Inc.'s holdings in S&P Global were worth $600,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Graham Capital Management L.P. acquired a new stake in shares of S&P Global in the 4th quarter valued at $14,040,000. GAMMA Investing LLC raised its holdings in shares of S&P Global by 20.2% in the 1st quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock valued at $2,139,000 after purchasing an additional 708 shares in the last quarter. E Fund Management Co. Ltd. raised its holdings in shares of S&P Global by 59.7% in the 1st quarter. E Fund Management Co. Ltd. now owns 2,909 shares of the business services provider's stock valued at $1,478,000 after purchasing an additional 1,088 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of S&P Global by 1.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock valued at $44,102,000 after purchasing an additional 1,166 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its holdings in shares of S&P Global by 5.2% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 10,850 shares of the business services provider's stock valued at $5,513,000 after purchasing an additional 536 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

S&P Global stock traded up $1.64 during midday trading on Tuesday, hitting $547.51. 631,745 shares of the company's stock were exchanged, compared to its average volume of 1,262,312. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $167.16 billion, a price-to-earnings ratio of 42.12, a price-to-earnings-growth ratio of 2.88 and a beta of 1.20. The firm's 50 day simple moving average is $541.58 and its 200 day simple moving average is $514.58.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period last year, the firm posted $4.04 EPS. S&P Global's revenue for the quarter was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is presently 29.54%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SPGI. JPMorgan Chase & Co. raised their price objective on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Morgan Stanley increased their target price on shares of S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Wells Fargo & Company increased their target price on shares of S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Argus raised shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Finally, Oppenheimer increased their target price on shares of 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, thirteen have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $611.69.

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.