S&P Global Inc. $SPGI Shares Purchased by Baader Bank Aktiengesellschaft

Key Points

• Baader Bank Aktiengesellschaft increased its stake in S&P Global by 11.0% during the second quarter, making it the bank's 29th largest holding, valued at approximately $7.94 million.
• S&P Global reported earnings of $4.43 per share for the last quarter, exceeding analysts' expectations, with a revenue of $3.76 billion, up 5.8% year-over-year.
• The company announced a quarterly dividend of $0.96, which will be paid on December 10th, representing an annualized yield of 0.7%.

Baader Bank Aktiengesellschaft boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 11.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,103 shares of the business services provider's stock after acquiring an additional 1,496 shares during the period. S&P Global comprises about 0.6% of Baader Bank Aktiengesellschaft's portfolio, making the stock its 29th largest position. Baader Bank Aktiengesellschaft's holdings in S&P Global were worth $7,944,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in S&P Global by 2.2% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 57,101 shares of the business services provider's stock worth $30,109,000 after acquiring an additional 1,232 shares in the last quarter. Signal Advisors Wealth LLC grew its holdings in S&P Global by 131.9% during the 2nd quarter. Signal Advisors Wealth LLC now owns 1,925 shares of the business services provider's stock worth $1,015,000 after acquiring an additional 1,095 shares in the last quarter. Sovran Advisors LLC grew its holdings in S&P Global by 45.2% during the 2nd quarter. Sovran Advisors LLC now owns 707 shares of the business services provider's stock worth $372,000 after acquiring an additional 220 shares in the last quarter. Threadgill Financial LLC grew its holdings in S&P Global by 86.8% during the 2nd quarter. Threadgill Financial LLC now owns 17,986 shares of the business services provider's stock worth $9,484,000 after acquiring an additional 8,357 shares in the last quarter. Finally, Sunflower Bank N.A. boosted its holdings in shares of S&P Global by 4.3% in the 2nd quarter. Sunflower Bank N.A. now owns 1,774 shares of the business services provider's stock valued at $935,000 after buying an additional 73 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Down 0.1%

Shares of S&P Global stock traded down $0.59 on Friday, reaching $507.21. 4,147,224 shares of the company were exchanged, compared to its average volume of 1,068,322. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a market cap of $154.85 billion, a P/E ratio of 39.02, a price-to-earnings-growth ratio of 2.71 and a beta of 1.20. 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 stock's 50 day moving average price is $542.96 and its 200-day moving average price is $515.20.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping analysts' consensus estimates of $4.18 by $0.25. The business 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 business's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global's dividend payout ratio is 29.54%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SPGI. Barclays raised their price target 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. UBS Group raised their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Oppenheimer raised their price target on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. lifted their target price on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Finally, Citigroup lifted their target price on shares of S&P Global from $600.00 to $635.00 and gave the company a "buy" rating in a report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $614.46.

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.