Smartleaf Asset Management LLC Increases Stock Position in S&P Global Inc. $SPGI

Key Points

• Smartleaf Asset Management LLC increased its stake in S&P Global Inc. by 13.5% during the first quarter, bringing its total holdings to 4,166 shares valued at $2,093,000.
• S&P Global reported $4.43 EPS for the last quarter, exceeding analyst estimates, and set its FY 2025 earnings guidance at 17.000-17.250 EPS.
• The company also announced a quarterly dividend of $0.96 per share, representing an annualized yield of 0.7%.

Smartleaf Asset Management LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 13.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,166 shares of the business services provider's stock after acquiring an additional 496 shares during the quarter. Smartleaf Asset Management LLC's holdings in S&P Global were worth $2,093,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SPGI. Minot DeBlois Advisors LLC bought a new stake in S&P Global during the 4th quarter worth approximately $25,000. Cheviot Value Management LLC bought a new stake in S&P Global during the 1st quarter worth approximately $26,000. Costello Asset Management INC bought a new stake in S&P Global during the 1st quarter worth approximately $26,000. Anderson Financial Strategies LLC bought a new stake in S&P Global during the 4th quarter worth approximately $27,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in S&P Global during the 1st quarter worth approximately $28,000. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Down 0.4%

Shares of S&P Global stock traded down $2.10 during trading on Wednesday, reaching $550.22. 999,798 shares of the company traded hands, compared to its average volume of 1,278,456. 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 price of $536.24 and a 200-day moving average price of $514.24. The firm has a market capitalization of $167.98 billion, a PE ratio of 42.32, a P/E/G ratio of 2.95 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the previous year, the company earned $4.04 EPS. S&P Global's quarterly revenue was up 5.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, equities research 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.7%. S&P Global's dividend payout ratio is presently 29.54%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SPGI. Morgan Stanley boosted their price target on shares of S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. UBS Group boosted their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. BMO Capital Markets boosted their price target on shares of S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Finally, Oppenheimer boosted their price target on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. One investment 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. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus 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.