Round Hill Asset Management Trims Position in S&P Global Inc. $SPGI

Key Points

• Round Hill Asset Management reduced its stake in S&P Global by 6.8%, holding 27,287 shares valued at approximately $13.87 million, making it the fund's largest position.
• S&P Global's latest earnings report showed an EPS of $4.43, surpassing analysts’ expectations, with quarterly revenue increasing by 5.8% year-over-year.
• The company announced a quarterly dividend of $0.96 per share, which represents an annualized yield of 0.7% and a payout ratio of 29.54%.

Round Hill Asset Management lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 6.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,287 shares of the business services provider's stock after selling 2,005 shares during the quarter. S&P Global accounts for about 10.0% of Round Hill Asset Management's portfolio, making the stock its biggest position. Round Hill Asset Management's holdings in S&P Global were worth $13,865,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SPGI. Graham Capital Management L.P. bought a new position in S&P Global in the fourth quarter valued at approximately $14,040,000. GAMMA Investing LLC lifted its position in S&P Global by 20.2% in the 1st 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. lifted its position in S&P Global by 59.7% in the 1st quarter. E Fund Management Co. Ltd. now owns 2,909 shares of the business services provider's stock valued at $1,478,000 after acquiring an additional 1,088 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in S&P Global by 1.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock worth $44,102,000 after purchasing an additional 1,166 shares during the period. Finally, Alaethes Wealth LLC bought a new position in S&P Global during the 4th quarter worth about $2,029,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Up 0.6%

Shares of NYSE:SPGI traded up $3.4380 during midday trading on Wednesday, hitting $557.8680. The stock had a trading volume of 1,553,448 shares, compared to its average volume of 1,282,857. The company has a market cap of $170.32 billion, a P/E ratio of 42.91, a PEG ratio of 2.95 and a beta of 1.19. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The business's 50-day simple moving average is $531.39 and its 200-day simple moving average is $512.95. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the firm posted $4.04 earnings per share. The company'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. On average, sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.7%. S&P Global's dividend payout ratio is currently 29.54%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SPGI. Morgan Stanley boosted their price target on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Oppenheimer boosted their target price on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. BMO Capital Markets upped their price target on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Stifel Nicolaus lowered their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Wells Fargo & Company increased their target price on shares of S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. 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 company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target 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.