OneAscent Investment Solutions LLC Makes New Investment in S&P Global Inc. $SPGI

Key Points

• OneAscent Investment Solutions LLC has purchased a new stake of $239,000 in S&P Global Inc., acquiring 470 shares in the first quarter, according to SEC filings.
• S&P Global reported an earnings per share (EPS) of $4.43 for the last quarter, surpassing analyst expectations by $0.25, with revenue reaching $3.76 billion, a 5.8% increase year-over-year.
• The company also announced a quarterly dividend of $0.96 per share, contributing to an annualized dividend payout of $3.84 and a yield of 0.7%.

OneAscent Investment Solutions LLC bought a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 470 shares of the business services provider's stock, valued at approximately $239,000.

A number of other hedge funds also recently bought and sold shares of the stock. Vestmark Advisory Solutions Inc. lifted its holdings in S&P Global by 142.8% during the first quarter. Vestmark Advisory Solutions Inc. now owns 4,229 shares of the business services provider's stock worth $2,149,000 after buying an additional 2,487 shares during the period. Harfst & Associates Inc. purchased a new stake in S&P Global during the first quarter worth $618,000. Sit Investment Associates Inc. lifted its holdings in S&P Global by 7.3% during the first quarter. Sit Investment Associates Inc. now owns 18,945 shares of the business services provider's stock worth $9,626,000 after buying an additional 1,287 shares during the period. Varenne Capital Partners purchased a new stake in S&P Global during the first quarter worth $7,213,000. Finally, American Money Management LLC lifted its holdings in S&P Global by 20.5% during the first quarter. American Money Management LLC now owns 5,957 shares of the business services provider's stock worth $3,027,000 after buying an additional 1,012 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on SPGI shares. Barclays upped their target price on S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. BMO Capital Markets upped their target price on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Wells Fargo & Company increased their price objective on S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Argus upgraded S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Finally, Oppenheimer increased their price objective on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $611.69.

S&P Global Stock Performance

SPGI stock traded up $4.7660 during midday trading on Tuesday, reaching $555.9760. The stock had a trading volume of 726,623 shares, compared to its average volume of 1,277,279. The stock has a market cap of $169.74 billion, a PE ratio of 42.77, a P/E/G ratio of 2.98 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. The firm has a fifty day simple moving average of $530.60 and a two-hundred day simple moving average of $512.67. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05.

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, topping analysts' consensus estimates of $4.18 by $0.25. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter 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 research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The business also recently declared 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 currently 29.54%.

About S&P Global

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.