Confluence Investment Management LLC Has $78.09 Million Stake in S&P Global Inc. $SPGI

Key Points

• Confluence Investment Management LLC reduced its holdings in S&P Global Inc. by 1.2%, now owning 148,101 shares valued at approximately $78.1 million.
• S&P Global's stock has recently been trading at $545.26, with a 1-year low of $427.14 and a high of $579.05.
• In its latest quarterly earnings report, S&P Global reported $4.43 earnings per share, exceeding expectations and showing a 5.8% increase in revenue year-over-year.

Confluence Investment Management LLC lowered its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 148,101 shares of the business services provider's stock after selling 1,734 shares during the period. Confluence Investment Management LLC's holdings in S&P Global were worth $78,092,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in S&P Global by 0.4% in the first quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider's stock valued at $15,130,711,000 after acquiring an additional 108,729 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of S&P Global by 3.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider's stock valued at $1,618,934,000 after purchasing an additional 114,843 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of S&P Global by 13.2% in 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 valued at $1,529,653,000 after purchasing an additional 357,790 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of S&P Global by 26.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider's stock valued at $1,497,493,000 after purchasing an additional 614,809 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of S&P Global by 3.7% in 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 purchasing an additional 97,324 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

NYSE SPGI traded down $2.99 on Tuesday, reaching $541.00. The company's stock had a trading volume of 1,164,021 shares, compared to its average volume of 1,255,261. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a market cap of $165.17 billion, a PE ratio of 41.62, a price-to-earnings-growth ratio of 2.91 and a beta of 1.20. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The business has a 50-day moving average price of $543.18 and a 200 day moving average price of $515.09.

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 for the quarter, topping the consensus estimate of $4.18 by $0.25. The firm had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th were paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 26th. S&P Global's dividend payout ratio is currently 29.54%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SPGI shares. Barclays lifted their price objective on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Citigroup boosted their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a research report on Monday. UBS Group boosted their target price 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. Wells Fargo & Company boosted their target price on shares of S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Morgan Stanley boosted their price objective on shares of S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, S&P Global has a consensus rating of "Buy" and a consensus price target of $614.38.

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.