S&P Global Inc. $SPGI is Spear Holdings RSC Ltd's 7th Largest Position

Key Points

• Spear Holdings RSC Ltd increased its stake in S&P Global Inc. by 75.3% during Q2, now holding 138,300 shares, making it the 7th largest position in their portfolio.
• S&P Global announced a quarterly dividend of $0.96 per share, with a dividend yield of 0.8%, to be paid on December 10th.
• The company's recent earnings report for Q2 showed an EPS of $4.43, exceeding expectations, with revenue up 5.8% year-over-year.

Spear Holdings RSC Ltd grew its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 75.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,300 shares of the business services provider's stock after acquiring an additional 59,400 shares during the period. S&P Global comprises 5.3% of Spear Holdings RSC Ltd's portfolio, making the stock its 7th largest holding. Spear Holdings RSC Ltd's holdings in S&P Global were worth $72,924,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SPGI. Divergent Planning LLC acquired a new position in S&P Global during the 2nd quarter worth approximately $303,000. Dynamic Advisor Solutions LLC boosted its stake in shares of S&P Global by 6.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider's stock valued at $6,568,000 after buying an additional 733 shares in the last quarter. SCS Capital Management LLC acquired a new position in S&P Global during the first quarter worth $240,000. Foster Victor Wealth Advisors LLC raised its position in S&P Global by 4.6% in the second quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider's stock worth $16,562,000 after acquiring an additional 1,383 shares in the last quarter. Finally, Caxton Associates LLP acquired a new stake in S&P Global in the first quarter valued at $386,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Down 0.3%

SPGI stock opened at $478.28 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The company's 50 day simple moving average is $534.32 and its 200-day simple moving average is $515.02. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The firm has a market capitalization of $146.02 billion, a PE ratio of 36.79, a P/E/G ratio of 2.55 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The company's quarterly revenue 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. Equities 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global's dividend payout ratio is currently 29.54%.

Analyst Ratings Changes

A number of research firms have recently weighed in on SPGI. Morgan Stanley upped 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 note on Friday, August 1st. UBS Group boosted their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Barclays increased their target price on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Oppenheimer boosted their price target on 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, Citigroup upped their price target on S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $614.46.

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.

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