S&P Global Inc. $SPGI Shares Purchased by Steward Partners Investment Advisory LLC

Key Points

• Steward Partners Investment Advisory LLC increased its holdings in S&P Global Inc. by 3.5%, owning 37,592 shares valued at $19.1 million at the end of the first quarter.
• S&P Global recently reported a quarterly earnings per share of $4.43, exceeding expectations and showing a 5.8% year-over-year revenue increase to $3.76 billion.
• The company announced a $0.96 quarterly dividend, yielding 0.7% and to be paid to investors on September 10th, with an ex-dividend date of August 26th.

Steward Partners Investment Advisory LLC boosted its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 3.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 37,592 shares of the business services provider's stock after acquiring an additional 1,264 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in S&P Global were worth $19,101,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in S&P Global by 0.4% during 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 acquiring an additional 108,729 shares during the period. Northern Trust Corp lifted its position in S&P Global by 19.1% during 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 acquiring an additional 525,347 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in S&P Global by 13.2% during 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 acquiring an additional 357,790 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of S&P Global by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider's stock valued at $1,403,468,000 after buying an additional 97,324 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its stake in shares of S&P Global by 11.4% during the 4th quarter. Nuveen Asset Management LLC now owns 2,184,312 shares of the business services provider's stock valued at $1,087,853,000 after buying an additional 224,294 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SPGI shares. Robert W. Baird reduced their price objective on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Argus upgraded S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Morgan Stanley lifted their price target on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Wells Fargo & Company lifted their price target on S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Stifel Nicolaus cut their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $611.69.

S&P Global Price Performance

NYSE:SPGI traded up $3.4380 during trading hours on Wednesday, hitting $557.8680. 1,553,448 shares of the stock were exchanged, compared to its average volume of 1,205,192. The company has a market cap of $170.32 billion, a P/E ratio of 42.91, a P/E/G ratio of 2.97 and a beta of 1.19. The firm's fifty day moving average price is $531.39 and its 200 day moving average price is $512.95. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.25. The business had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 26th. S&P Global's payout ratio is currently 29.54%.

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.