Royal Bank of Canada Purchases 50,120 Shares of S&P Global Inc. $SPGI

Key Points

• The Royal Bank of Canada increased its holdings in S&P Global Inc. by **2.8%**, acquiring **50,120 shares** during the first quarter, for a total of approximately **1,820,687 shares** valued at **$925,090,000**.
• S&P Global reported **earnings per share (EPS)** of **$4.43** for the last quarter, surpassing analysts' expectations of **$4.18**, with a revenue of **$3.76 billion**, reflecting a **5.8%** year-over-year growth.
• The company announced a quarterly dividend of **$0.96** per share, which will be paid on **September 10th**, reflecting an annualized dividend yield of **0.7%** and a payout ratio of **29.54%**.

Royal Bank of Canada increased its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 2.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,820,687 shares of the business services provider's stock after purchasing an additional 50,120 shares during the quarter. Royal Bank of Canada owned 0.59% of S&P Global worth $925,090,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC bought a new stake in S&P Global in the fourth quarter valued at $25,000. Cheviot Value Management LLC bought a new stake in S&P Global in the first quarter valued at $26,000. Costello Asset Management INC bought a new stake in S&P Global in the first quarter valued at $26,000. Anderson Financial Strategies LLC bought a new stake in S&P Global in the fourth quarter valued at $27,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in S&P Global in the first quarter valued at $28,000. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SPGI shares. JPMorgan Chase & Co. raised their target price on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Oppenheimer lifted their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Wells Fargo & Company lifted their price objective on shares of S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Barclays lifted their price objective on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, BMO Capital Markets lifted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, S&P Global has a consensus rating of "Buy" and a consensus price target of $611.69.

S&P Global Stock Performance

SPGI traded down $0.93 on Wednesday, hitting $538.72. The company had a trading volume of 763,777 shares, compared to its average volume of 1,048,602. The company's fifty day moving average price is $539.99 and its 200 day moving average price is $514.70. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $164.47 billion, a price-to-earnings ratio of 41.44, a price-to-earnings-growth ratio of 2.94 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Thursday, July 31st. The business services provider reported $4.43 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 business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the company posted $4.04 earnings per share. S&P Global'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. Equities analysts predict 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 announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 26th. S&P Global's dividend payout ratio is presently 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.