S&P Global Inc. $SPGI Shares Acquired by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. increased its stake in S&P Global Inc. by 5.6% during the 1st quarter, owning 22,051 shares worth approximately $11.2 million.
• S&P Global reported an EPS of $4.43 for the last quarter, exceeding analyst expectations, and set its FY 2025 guidance at 17.000-17.250 EPS.
• The company recently announced a quarterly dividend of $0.96 per share, with an annualized dividend yield of 0.7%, and a dividend payout ratio of 29.54%.

Advisors Asset Management Inc. lifted its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,051 shares of the business services provider's stock after purchasing an additional 1,164 shares during the quarter. Advisors Asset Management Inc.'s holdings in S&P Global were worth $11,204,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. Minot DeBlois Advisors LLC acquired a new stake in S&P Global during the fourth quarter worth $25,000. Cheviot Value Management LLC acquired a new stake in S&P Global during the first quarter worth $26,000. Costello Asset Management INC acquired a new stake in S&P Global during the first quarter worth $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in S&P Global during the first quarter worth $28,000. Finally, CBIZ Investment Advisory Services LLC boosted its position in shares of S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Down 1.6%

SPGI opened at $539.67 on Wednesday. The business's 50-day simple moving average is $539.99 and its 200-day simple moving average is $514.70. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The stock has a market capitalization of $164.76 billion, a P/E ratio of 41.51, a price-to-earnings-growth ratio of 2.94 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results 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. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter in the previous year, the firm earned $4.04 earnings per share. The business's revenue was up 5.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.7%. S&P Global's dividend payout ratio (DPR) is currently 29.54%.

Analyst Ratings Changes

Several research firms have recently commented on SPGI. BMO Capital Markets raised their price target on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Argus upgraded S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Morgan Stanley raised their price target on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. raised their price target on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company raised their price target on S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, S&P Global currently has an average rating of "Buy" and an average target price of $611.69.

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.

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.