Douglass Winthrop Advisors LLC Sells 5,247 Shares of S&P Global Inc. $SPGI

Key Points

• Douglass Winthrop Advisors LLC has reduced its stake in S&P Global Inc. by 2.1%, now holding about 244,796 shares valued at approximately $124.4 million, constituting 2.4% of their portfolio.
• S&P Global recently reported earnings per share (EPS) of $4.43, surpassing estimates, with a quarterly revenue of $3.76 billion, which increased by 5.8% compared to the same period last year.
• The company declared a quarterly dividend of $0.96 to be paid on September 10th, representing an annualized yield of 0.7%.

Douglass Winthrop Advisors LLC decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 244,796 shares of the business services provider's stock after selling 5,247 shares during the quarter. S&P Global comprises approximately 2.4% of Douglass Winthrop Advisors LLC's investment portfolio, making the stock its 18th biggest holding. Douglass Winthrop Advisors LLC owned about 0.08% of S&P Global worth $124,381,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SPGI. Minot DeBlois Advisors LLC acquired a new stake in shares of S&P Global during the 4th quarter worth approximately $25,000. Cheviot Value Management LLC acquired a new stake in shares of S&P Global during the 1st quarter worth approximately $26,000. Costello Asset Management INC bought a new position in S&P Global during the 1st quarter worth approximately $26,000. Anderson Financial Strategies LLC bought a new position in S&P Global during the 4th quarter worth approximately $27,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in S&P Global during the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Performance

NYSE SPGI traded down $1.78 on Thursday, hitting $548.09. 250,998 shares of the stock were exchanged, compared to its average volume of 1,272,119. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The company has a market capitalization of $167.33 billion, a PE ratio of 42.15, a P/E/G ratio of 2.96 and a beta of 1.19. The business's fifty day moving average is $537.20 and its 200 day moving average is $514.49. 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 (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. 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 the consensus estimate of $3.65 billion. During the same period in the previous year, the company earned $4.04 earnings per share. The company's quarterly revenue was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

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

Analyst Upgrades and Downgrades

SPGI has been the topic of several recent analyst reports. Argus raised shares of S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Robert W. Baird reduced their price objective on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Stifel Nicolaus reduced 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 research note on Wednesday, April 30th. Oppenheimer lifted their price objective on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Morgan Stanley lifted their price objective on shares of S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, S&P Global currently has a consensus rating of "Buy" and an average target price of $611.69.

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.