Shell Asset Management Co. Acquires 7,435 Shares of S&P Global Inc. $SPGI

Key Points

• Shell Asset Management Co. increased its stake in S&P Global by 31.4%, owning a total of 31,143 shares valued at approximately $16.4 million.
• Several analysts have raised their price targets for S&P Global, with Morgan Stanley and BMO Capital Markets setting new targets of $615 and $621 respectively, reflecting strong buy recommendations.
• S&P Global has announced a quarterly dividend of $0.96 per share, representing a dividend yield of 0.8%, with the ex-dividend date set for November 25.

Shell Asset Management Co. lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 31.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 31,143 shares of the business services provider's stock after purchasing an additional 7,435 shares during the period. S&P Global accounts for about 0.6% of Shell Asset Management Co.'s portfolio, making the stock its 24th largest position. Shell Asset Management Co.'s holdings in S&P Global were worth $16,421,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Stegent Equity Advisors Inc. boosted its stake in shares of S&P Global by 3.1% during the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider's stock worth $335,000 after acquiring an additional 20 shares during the period. Foster Dykema Cabot & Partners LLC boosted its stake in shares of S&P Global by 0.7% during the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider's stock worth $1,453,000 after acquiring an additional 20 shares during the period. Foster Group Inc. boosted its stake in shares of S&P Global by 0.9% during the 2nd quarter. Foster Group Inc. now owns 2,237 shares of the business services provider's stock worth $1,180,000 after acquiring an additional 20 shares during the period. Quent Capital LLC boosted its stake in shares of S&P Global by 1.9% during the 2nd quarter. Quent Capital LLC now owns 1,082 shares of the business services provider's stock worth $571,000 after acquiring an additional 20 shares during the period. Finally, Integrated Investment Consultants LLC boosted its stake in shares of S&P Global by 2.8% during the 1st quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider's stock worth $387,000 after acquiring an additional 21 shares during the period. Institutional investors own 87.17% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Morgan Stanley lifted 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. BMO Capital Markets lifted their price target on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Oppenheimer lifted their price target on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Weiss Ratings reissued a "buy (b)" rating on shares of S&P Global in a report on Saturday, September 27th. Finally, Wells Fargo & Company lifted their price target on S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a report on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $614.46.

S&P Global Price Performance

S&P Global stock opened at $478.28 on Tuesday. 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. The stock has a market capitalization of $146.02 billion, a P/E ratio of 36.79, a price-to-earnings-growth ratio of 2.55 and a beta of 1.19. The stock has a fifty day moving average of $534.32 and a 200-day moving average of $515.02.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, topping analysts' consensus estimates of $4.18 by $0.25. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.S&P Global's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, sell-side 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a dividend of $0.96 per share. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. 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.

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