Public Employees Retirement System of Ohio Cuts Holdings in S&P Global Inc. $SPGI

Key Points

• The Public Employees Retirement System of Ohio has reduced its holdings in S&P Global by 3.0%, totaling approximately $66.6 million in shares after selling 3,895 shares in the second quarter.
• S&P Global reported $4.43 EPS for the last quarter, exceeding expectations, and has set its FY 2025 EPS guidance at 17.000-17.250.
• The company recently declared a quarterly dividend of $0.96 per share, with the ex-dividend date set for November 25th.

Public Employees Retirement System of Ohio trimmed its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 3.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,314 shares of the business services provider's stock after selling 3,895 shares during the quarter. Public Employees Retirement System of Ohio's holdings in S&P Global were worth $66,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cheviot Value Management LLC bought a new position in shares of S&P Global during the 1st quarter valued at $26,000. Costello Asset Management INC purchased a new position in S&P Global during the 1st quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in S&P Global in the 2nd quarter valued at about $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in S&P Global in the first quarter worth about $28,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after acquiring an additional 31 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

NYSE:SPGI opened at $496.09 on Wednesday. S&P Global Inc. has a one year low of $427.14 and a one year 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 firm has a market cap of $151.46 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 2.71 and a beta of 1.20. The firm's fifty day moving average is $541.95 and its two-hundred day moving average is $515.14.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly 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. 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 analyst estimates of $3.65 billion. During the same period in the prior year, the company earned $4.04 earnings per share. The firm's revenue 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. Research analysts expect 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 paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global's payout ratio is currently 29.54%.

Analyst Ratings Changes

A number of equities analysts recently commented on SPGI shares. Barclays boosted their price objective on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Citigroup upped their price target on S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. JPMorgan Chase & Co. upped their price target on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Oppenheimer upped their price target 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. Finally, Morgan Stanley upped their price target on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company. Based on data from MarketBeat, the company presently has an average 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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