Robeco Institutional Asset Management B.V. Lowers Stake in S&P Global Inc. $SPGI

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in S&P Global Inc. by 21.9% during the second quarter, now holding about 0.17% of the company's shares worth approximately $281.5 million.
• Several hedge funds have recently altered their positions in S&P Global, with 87.17% of the stock owned by institutional investors and hedge funds.
• S&P Global announced a quarterly dividend of $0.96 per share, with a dividend yield of 0.8%, to be paid on December 10th to shareholders recorded by November 25th.

Robeco Institutional Asset Management B.V. cut its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 21.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 533,920 shares of the business services provider's stock after selling 149,946 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.17% of S&P Global worth $281,531,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SPGI. Cheviot Value Management LLC purchased a new stake in S&P Global in the first quarter valued at approximately $26,000. Costello Asset Management INC purchased a new stake in S&P Global in the first quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in S&P Global in the second quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in S&P Global in the first quarter valued at approximately $28,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock valued at $31,000 after purchasing an additional 31 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SPGI. Wells Fargo & Company boosted their target price on shares of S&P Global from $660.00 to $661.00 and gave the company an "overweight" rating in a report on Friday, September 19th. Citigroup boosted their price objective on shares of S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Morgan Stanley boosted their price objective on shares of S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Oppenheimer boosted their price objective on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $614.46.

S&P Global Trading Down 1.0%

SPGI opened at $481.84 on Thursday. The stock has a market capitalization of $147.11 billion, a PE ratio of 37.06, a P/E/G ratio of 2.61 and a beta of 1.19. The firm's fifty day moving average price is $537.56 and its 200 day moving average price is $515.09. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.25. The firm had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, research analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders 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 dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global's dividend payout ratio is 29.54%.

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.

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