Sandhill Capital Partners LLC Cuts Stake in S&P Global Inc. $SPGI

Key Points

• Sandhill Capital Partners LLC reduced its stake in S&P Global Inc. by 1.5%, owning 81,881 shares after selling 1,208 shares, making it the 14th largest holding of the firm.
• S&P Global's quarterly earnings surpassed expectations, reporting earnings per share of $4.43 against a consensus estimate of $4.18, and revenue of $3.76 billion compared to estimated $3.65 billion.
• The company declared a quarterly dividend of $0.96, which will provide stockholders with an annualized yield of 0.7%, with a dividend payout ratio of 29.54%.

Sandhill Capital Partners LLC decreased its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 1.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 81,881 shares of the business services provider's stock after selling 1,208 shares during the quarter. S&P Global comprises about 3.4% of Sandhill Capital Partners LLC's portfolio, making the stock its 14th largest holding. Sandhill Capital Partners LLC's holdings in S&P Global were worth $41,604,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Aspire Growth Partners LLC grew its position in S&P Global by 21.2% in the first quarter. Aspire Growth Partners LLC now owns 515 shares of the business services provider's stock worth $261,000 after acquiring an additional 90 shares in the last quarter. GM Advisory Group LLC lifted its stake in shares of S&P Global by 1.7% in the 1st quarter. GM Advisory Group LLC now owns 2,973 shares of the business services provider's stock valued at $1,511,000 after purchasing an additional 50 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of S&P Global by 1,259.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 35,318 shares of the business services provider's stock valued at $17,946,000 after purchasing an additional 32,720 shares during the last quarter. GDS Wealth Management raised its holdings in S&P Global by 6.0% during the 1st quarter. GDS Wealth Management now owns 30,808 shares of the business services provider's stock valued at $15,654,000 after buying an additional 1,753 shares during the period. Finally, Capital Analysts LLC lifted its position in S&P Global by 4.2% in the first quarter. Capital Analysts LLC now owns 27,503 shares of the business services provider's stock worth $13,974,000 after buying an additional 1,112 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Up 0.5%

NYSE:SPGI opened at $553.6990 on Wednesday. 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 1-year low of $427.14 and a 1-year high of $579.05. The company has a 50-day moving average of $531.39 and a 200 day moving average of $512.95. The firm has a market cap of $169.04 billion, a PE ratio of 42.59, a price-to-earnings-growth ratio of 2.95 and a beta of 1.19.

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

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is currently 29.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Barclays increased their target price 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. Morgan Stanley increased their price target on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. JPMorgan Chase & Co. increased their target price on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Wells Fargo & Company lifted their target price on S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Argus upgraded shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price 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.

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