Bowie Capital Management LLC Raises Position in S&P Global Inc. $SPGI

Key Points

• Bowie Capital Management LLC increased its stake in S&P Global Inc. by 17.0% in the first quarter, now holding 152,075 shares valued at approximately $77.27 million.
• Several analysts have issued mixed ratings on S&P Global, with price targets ranging from $575 to $629 and a consensus rating of "Moderate Buy".
• S&P Global declared a quarterly dividend of $0.96 per share, with an annualized yield of 0.7%, payable on September 10th to shareholders of record on August 26th.

Bowie Capital Management LLC increased its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 17.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 152,075 shares of the business services provider's stock after buying an additional 22,087 shares during the period. S&P Global accounts for 3.6% of Bowie Capital Management LLC's investment portfolio, making the stock its 15th biggest position. Bowie Capital Management LLC's holdings in S&P Global were worth $77,269,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in S&P Global by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider's stock worth $15,130,711,000 after buying an additional 108,729 shares during the period. Northern Trust Corp boosted its holdings in S&P Global by 19.1% in the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after buying an additional 525,347 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in S&P Global by 13.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock worth $1,529,653,000 after buying an additional 357,790 shares during the period. Goldman Sachs Group Inc. boosted its holdings in S&P Global by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider's stock worth $1,403,468,000 after buying an additional 97,324 shares during the period. Finally, Nuveen Asset Management LLC boosted its holdings in S&P Global by 11.4% in the 4th quarter. Nuveen Asset Management LLC now owns 2,184,312 shares of the business services provider's stock worth $1,087,853,000 after buying an additional 224,294 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

Shares of NYSE SPGI traded up $2.4890 during mid-day trading on Tuesday, reaching $553.6990. 1,299,671 shares of the company were exchanged, compared to its average volume of 1,196,630. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. 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 stock has a market capitalization of $169.04 billion, a PE ratio of 42.59, a PEG ratio of 2.95 and a beta of 1.19. The company's 50 day moving average price is $530.60 and its 200 day moving average price is $512.67.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the firm posted $4.04 EPS. The firm's 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. Sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued 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 payout ratio is currently 29.54%.

Wall Street Analyst Weigh In

Several research analysts recently commented on SPGI shares. 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 report on Friday, August 1st. UBS Group raised 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. Argus raised shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Wells Fargo & Company raised their price target on shares of S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Robert W. Baird cut their price target on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. 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 stock. Based on data from MarketBeat.com, S&P Global presently 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.