Raymond James Financial Inc. Sells 17,151 Shares of S&P Global Inc. $SPGI

Key Points

• Raymond James Financial Inc. sold 17,151 shares of S&P Global Inc., reducing its holdings by 1.6%, and now owns approximately 0.34% of the company, valued at $529 million.
• S&P Global reported an EPS of $4.43 for the quarter, surpassing analyst expectations, with a revenue of $3.76 billion, a 5.8% increase year-over-year.
• The company declared a quarterly dividend of $0.96, translating to an annualized yield of 0.7%, with an ex-dividend date of August 26.

Raymond James Financial Inc. lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 1.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,041,432 shares of the business services provider's stock after selling 17,151 shares during the period. Raymond James Financial Inc. owned about 0.34% of S&P Global worth $529,152,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SPGI. Nuveen LLC bought a new position in shares of S&P Global during the first quarter valued at $1,103,665,000. GAMMA Investing LLC raised its holdings in shares of S&P Global by 60,982.3% in the first quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock valued at $1,086,877,000 after buying an additional 2,135,599 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of S&P Global by 70.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider's stock valued at $826,819,000 after buying an additional 670,392 shares during the last quarter. Northern Trust Corp raised its holdings in shares of S&P Global by 19.1% in the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock valued at $1,631,568,000 after buying an additional 525,347 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of S&P Global in the fourth quarter valued at about $238,503,000. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Up 0.5%

Shares of NYSE:SPGI traded up $2.4890 during midday trading on Tuesday, hitting $553.6990. The stock had a trading volume of 1,299,671 shares, compared to its average volume of 1,196,630. The company has a market cap of $169.04 billion, a P/E ratio of 42.59, a PEG ratio of 2.95 and a beta of 1.19. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The business's 50-day simple moving average is $530.60 and its 200-day simple moving average is $512.67. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05.

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, topping 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 business had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter last year, the company posted $4.04 earnings per share. S&P Global's quarterly 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. On average, sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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 annualized dividend and a yield of 0.7%. S&P Global's dividend payout ratio (DPR) is currently 29.54%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of research reports. Stifel Nicolaus lowered their price objective on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price target on shares of 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 lifted their price target on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Morgan Stanley boosted their price objective 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. Finally, Wells Fargo & Company boosted their price objective on S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $611.69.

S&P Global 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.