Jones Financial Companies Lllp Purchases 206,174 Shares of S&P Global Inc. $SPGI

Key Points

• Jones Financial Companies Lllp significantly increased its stake in S&P Global Inc. by 667.7% during the 1st quarter, owning 237,051 shares valued at approximately $131.2 million.
• Analysts remain positive on S&P Global, with recent target price increases from Barclays, Wells Fargo, and UBS, pushing consensus estimates to an average target price of $611.69.
• S&P Global recently reported $4.43 EPS, exceeding expectations and demonstrating a 5.8% revenue growth year over year, while also announcing a quarterly dividend of $0.96.

Jones Financial Companies Lllp increased its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 667.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 237,051 shares of the business services provider's stock after purchasing an additional 206,174 shares during the period. Jones Financial Companies Lllp owned approximately 0.08% of S&P Global worth $131,181,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SPGI. Minot DeBlois Advisors LLC acquired a new stake in shares of S&P Global during the fourth quarter worth $25,000. Cheviot Value Management LLC acquired a new position in shares of S&P Global in the first quarter valued at about $26,000. Costello Asset Management INC bought a new position in S&P Global during the first quarter worth about $26,000. Smallwood Wealth Investment Management LLC bought a new position in S&P Global during the first quarter worth about $28,000. Finally, CBIZ Investment Advisory Services LLC raised its stake in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after purchasing an additional 31 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Morgan Stanley raised their price objective on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Argus raised S&P Global to a "strong-buy" rating in a report on Friday, May 16th. UBS Group raised their price target on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, BMO Capital Markets upped their price objective on shares of S&P Global from $604.00 to $621.00 and gave the stock an "outperform" 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 given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $611.69.

S&P Global Price Performance

Shares of S&P Global stock traded up $1.64 during trading on Tuesday, reaching $547.51. 631,745 shares of the company's stock were exchanged, compared to its average volume of 1,003,596. The firm's 50-day moving average price is $541.94 and its 200 day moving average price is $514.81. The company has a market cap of $167.16 billion, a P/E ratio of 42.12, a PEG ratio of 2.92 and a beta of 1.20. 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 1-year low of $427.14 and a 1-year high of $579.05.

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

S&P Global Dividend Announcement

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

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.