Sit Investment Associates Inc. Buys 1,287 Shares of S&P Global Inc. $SPGI

Key Points

• Sit Investment Associates Inc. increased its stake in S&P Global Inc. by 7.3% in Q1, holding a total of 18,945 shares worth approximately $9.63 million.
• Several institutional investors, including Vanguard Group and Northern Trust Corp, have also significantly increased their positions in S&P Global, indicating strong institutional confidence in the company.
• S&P Global reported earnings of $4.43 per share for the last quarter, exceeding estimates, and announced a quarterly dividend of $0.96 per share, reflecting a dividend yield of 0.7%.

Sit Investment Associates Inc. raised its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 7.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,945 shares of the business services provider's stock after buying an additional 1,287 shares during the period. Sit Investment Associates Inc.'s holdings in S&P Global were worth $9,626,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. Graham Capital Management L.P. acquired a new position in shares of S&P Global during the fourth quarter worth $14,040,000. GAMMA Investing LLC raised its holdings in S&P Global by 20.2% in the first quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock valued at $2,139,000 after acquiring an additional 708 shares in the last quarter. E Fund Management Co. Ltd. increased its stake in S&P Global by 59.7% during the first quarter. E Fund Management Co. Ltd. now owns 2,909 shares of the business services provider's stock valued at $1,478,000 after purchasing an additional 1,088 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in S&P Global by 1.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock valued at $44,102,000 after purchasing an additional 1,166 shares during the last quarter. Finally, Alaethes Wealth LLC bought a new stake in S&P Global during the fourth quarter valued at $2,029,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Up 0.5%

Shares of SPGI traded up $2.7320 on Tuesday, hitting $553.9420. The company's stock had a trading volume of 889,167 shares, compared to its average volume of 1,278,370. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm's fifty day moving average price is $530.60 and its 200-day moving average price is $512.67. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The firm has a market capitalization of $169.12 billion, a price-to-earnings ratio of 42.61, a P/E/G ratio of 2.98 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating the consensus estimate of $4.18 by $0.25. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current 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 paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is presently 29.54%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Barclays boosted 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. UBS Group upped their price target on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Morgan Stanley upped their price objective on shares of S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Oppenheimer raised 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 report on Wednesday, July 2nd. Finally, Stifel Nicolaus lowered their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $611.69.

S&P Global Company 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.