Sandler Capital Management Purchases 6,649 Shares of S&P Global Inc. $SPGI

Key Points

• Sandler Capital Management significantly increased its stake in S&P Global Inc. by 949.9%, acquiring an additional 6,649 shares, bringing its total holdings to 7,349 shares worth approximately $3.73 million.
• Multiple institutional investors, including Nuveen LLC and GAMMA Investing LLC, have also increased their investments in S&P Global, showcasing strong interest as institutional ownership now stands at 87.17%.
• S&P Global reported **earnings per share** of $4.43, exceeding estimates, with quarterly revenue of $3.76 billion, and announced a quarterly dividend of $0.96 per share.

Sandler Capital Management increased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 949.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 7,349 shares of the business services provider's stock after purchasing an additional 6,649 shares during the period. Sandler Capital Management's holdings in S&P Global were worth $3,734,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC acquired a new position in S&P Global in the 4th quarter worth approximately $25,000. Cheviot Value Management LLC acquired a new position in S&P Global in the 1st quarter worth approximately $26,000. Costello Asset Management INC acquired a new position in S&P Global in the 1st quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new position in S&P Global in the 1st quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC boosted its stake in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after purchasing an additional 31 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Oppenheimer raised 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. Morgan Stanley raised 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. JPMorgan Chase & Co. raised 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. UBS Group lifted their target price on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, Argus raised shares of S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. One equities research 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 stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $611.69.

S&P Global Stock Up 0.3%

Shares of S&P Global stock traded up $1.64 during midday trading on Tuesday, reaching $547.51. 631,745 shares of the company's stock traded hands, compared to its average volume of 1,003,596. The company has a market cap of $167.16 billion, a price-to-earnings ratio of 42.12, a price-to-earnings-growth ratio of 2.92 and a beta of 1.20. The company's 50 day simple moving average is $541.94 and its 200 day simple moving average is $514.81. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating analysts' consensus estimates of $4.18 by $0.25. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. S&P Global's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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