S&P Global Inc. $SPGI Stake Reduced by Northern Trust Corp

Key Points

• Northern Trust Corp reduced its stake in S&P Global Inc. by 0.7% during the first quarter, holding approximately 3.25 million shares worth about $1.65 billion as of the latest filing.
• Several institutional investors, including Nuveen LLC and GAMMA Investing LLC, have made significant moves regarding their holdings in S&P Global, with GAMMA increasing its position by an extraordinary 60,982.3%.
• S&P Global recently announced strong earnings for the quarter, with an EPS of $4.43, surpassing analyst expectations, and declared a quarterly dividend of $0.96 per share.

Northern Trust Corp decreased its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 0.7% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,254,663 shares of the business services provider's stock after selling 21,380 shares during the period. Northern Trust Corp owned approximately 1.06% of S&P Global worth $1,653,694,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of S&P Global by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider's stock valued at $15,130,711,000 after buying an additional 108,729 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in S&P Global by 13.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock valued at $1,529,653,000 after acquiring an additional 357,790 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in S&P Global by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider's stock valued at $1,403,468,000 after acquiring an additional 97,324 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in S&P Global by 11.4% during the 4th quarter. Nuveen Asset Management LLC now owns 2,184,312 shares of the business services provider's stock valued at $1,087,853,000 after acquiring an additional 224,294 shares during the last quarter. Finally, Nuveen LLC acquired a new position in S&P Global during the 1st quarter worth $1,103,665,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of NYSE:SPGI traded up $3.4380 on Wednesday, hitting $557.8680. The company's stock had a trading volume of 1,553,448 shares, compared to its average volume of 1,205,192. The company has a market capitalization of $170.32 billion, a price-to-earnings ratio of 42.91, a price-to-earnings-growth ratio of 2.97 and a beta of 1.19. 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 stock's 50-day moving average is $532.27 and its two-hundred day moving average is $513.26.

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

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. S&P Global's dividend payout ratio (DPR) is 29.54%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets upped their target price on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. UBS Group increased their target price on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Barclays upped their price target on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. lifted their price objective 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, Wells Fargo & Company increased their target price on shares of S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target 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.