PineStone Asset Management Inc. Reduces Position in S&P Global Inc. $SPGI

Key Points

• PineStone Asset Management Inc. reduced its position in S&P Global Inc. by 0.7%, now holding approximately 618,443 shares valued at $326 million.
• S&P Global recently reported earnings of $4.43 per share, exceeding analysts' estimates, and set its FY 2025 guidance at 17.000-17.250 EPS.
• The company has announced a quarterly dividend of $0.96 per share, reflecting an annualized yield of 0.8%, with a record date of November 25th.

PineStone Asset Management Inc. trimmed its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 0.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 618,443 shares of the business services provider's stock after selling 4,660 shares during the period. S&P Global accounts for about 2.1% of PineStone Asset Management Inc.'s holdings, making the stock its 18th biggest holding. PineStone Asset Management Inc. owned 0.20% of S&P Global worth $326,099,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Costello Asset Management INC acquired a new position in shares of S&P Global during the 1st quarter worth approximately $26,000. Cheviot Value Management LLC purchased a new position in S&P Global during the first quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in S&P Global during the second quarter worth $26,000. Smallwood Wealth Investment Management LLC acquired a new position in S&P Global during the first quarter worth $28,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock valued at $31,000 after buying an additional 31 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of SPGI stock opened at $484.79 on Friday. 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 market cap of $148.01 billion, a P/E ratio of 37.29, a P/E/G ratio of 2.63 and a beta of 1.20. The firm's 50 day moving average price is $540.46 and its 200-day moving average price is $514.94. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05.

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

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. 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 (DPR) is 29.54%.

Analyst Ratings Changes

Several research analysts have recently commented on SPGI shares. UBS Group lifted their price target on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Wells Fargo & Company lifted their target price on shares of S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a research note on Friday, September 19th. BMO Capital Markets increased their price target 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. Barclays lifted their price target on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Finally, Oppenheimer increased their price objective on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $614.46.

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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