Northwest & Ethical Investments L.P. Buys 6,602 Shares of S&P Global Inc. $SPGI

Key Points

• Northwest & Ethical Investments L.P. increased its stake in S&P Global Inc. by 73.7%, acquiring an additional 6,602 shares in the first quarter, raising its total holdings to 15,555 shares valued at approximately $7.9 million.
• S&P Global reported earnings of $4.43 per share for the last quarter, exceeding analysts' estimates, alongside a 5.8% year-over-year revenue increase to $3.76 billion.
• The company declared a quarterly dividend of $0.96 per share, which will be paid on September 10th, reflecting an annualized yield of 0.7%.

Northwest & Ethical Investments L.P. lifted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 73.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,555 shares of the business services provider's stock after acquiring an additional 6,602 shares during the period. Northwest & Ethical Investments L.P.'s holdings in S&P Global were worth $7,903,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SPGI. Minot DeBlois Advisors LLC bought a new position in S&P Global during the fourth quarter worth $25,000. Cheviot Value Management LLC acquired a new stake in S&P Global during the 1st quarter worth about $26,000. Costello Asset Management INC acquired a new stake in shares of S&P Global during the 1st quarter valued at about $26,000. Anderson Financial Strategies LLC acquired a new stake in S&P Global in the 4th quarter worth approximately $27,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in S&P Global in the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Price Performance

Shares of SPGI traded up $3.4380 during midday trading on Wednesday, reaching $557.8680. The stock had a trading volume of 1,553,448 shares, compared to its average volume of 1,205,192. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The company's 50-day moving average is $531.39 and its 200 day moving average is $512.95. 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.

S&P Global (NYSE:SPGI - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business'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 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

Analyst Ratings Changes

SPGI has been the topic of a number of analyst reports. Morgan Stanley upped their price target on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Argus upgraded S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Wells Fargo & Company boosted their price target on S&P Global from $632.00 to $660.00 and gave the company an "overweight" 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 company a "buy" rating in a research report on Tuesday, July 8th. Finally, Oppenheimer increased their price target on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. One investment 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, the company has a consensus 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.