Northwestern Mutual Wealth Management Co. Trims Stock Position in S&P Global Inc. $SPGI

Key Points

• Northwestern Mutual Wealth Management Co. reduced its stake in S&P Global Inc. by 16.9%, holding 119,310 shares worth approximately $60.6 million at the end of the quarter.
• Several large investors increased their positions in S&P Global, with Nuveen LLC acquiring a new position valued at over $1.1 billion, while GAMMA Investing LLC boosted their stake by an astounding 60,982.3%.
• S&P Global reported $4.43 earnings per share for the last quarter, beating analysts' estimates, and announced a quarterly dividend of $0.96 per share, indicating a dividend yield of 0.7%.

Northwestern Mutual Wealth Management Co. lessened its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 16.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,310 shares of the business services provider's stock after selling 24,325 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in S&P Global were worth $60,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in SPGI. Minot DeBlois Advisors LLC bought a new stake in shares of S&P Global during the 4th quarter worth $25,000. Cheviot Value Management LLC bought a new stake in shares of S&P Global during the 1st quarter worth $26,000. Costello Asset Management INC bought a new stake in shares of S&P Global during the 1st quarter worth $26,000. Anderson Financial Strategies LLC bought a new stake in shares of S&P Global during the 4th quarter worth $27,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in shares of S&P Global during the 1st quarter worth $28,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Argus upgraded S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Stifel Nicolaus lowered their target price on 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 target price 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. UBS Group lifted their target price on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, Wells Fargo & Company lifted their price objective on S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, S&P Global currently has an average rating of "Buy" and an average target price of $611.69.

S&P Global Price Performance

SPGI stock traded down $2.10 during mid-day trading on Wednesday, reaching $550.22. 999,841 shares of the company traded hands, compared to its average volume of 1,278,518. 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 has a market capitalization of $167.98 billion, a P/E ratio of 42.32, a P/E/G ratio of 2.95 and a beta of 1.19. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a fifty day moving average price of $536.24 and a 200-day moving average price of $514.24.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating analysts' consensus estimates of $4.18 by $0.25. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

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

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.