Candriam S.C.A. Increases Stock Holdings in S&P Global Inc. $SPGI

Key Points

• Candriam S.C.A. increased its holdings in S&P Global Inc. by 5.3%, owning 130,833 shares valued at $66.5 million as of the latest SEC filing.
• A number of research firms have upgraded their target prices for S&P Global, with Barclays setting a new target at $620 and Morgan Stanley at $615, both maintaining an "overweight" rating.
• S&P Global reported earnings of $4.43 per share for the last quarter, exceeding expectations, and declared a quarterly dividend of $0.96, representing an annualized yield of 0.7%.

Candriam S.C.A. lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 5.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,833 shares of the business services provider's stock after acquiring an additional 6,597 shares during the quarter. Candriam S.C.A.'s holdings in S&P Global were worth $66,476,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Stegent Equity Advisors Inc. boosted its stake in S&P Global by 3.1% during the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider's stock worth $335,000 after buying an additional 20 shares during the period. Foster Dykema Cabot & Partners LLC boosted its stake in S&P Global by 0.7% during the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider's stock worth $1,453,000 after buying an additional 20 shares during the period. Integrated Investment Consultants LLC boosted its stake in S&P Global by 2.8% during the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider's stock worth $387,000 after buying an additional 21 shares during the period. Hemington Wealth Management boosted its stake in S&P Global by 8.0% during the first quarter. Hemington Wealth Management now owns 284 shares of the business services provider's stock worth $144,000 after buying an additional 21 shares during the period. Finally, Retirement Planning Group LLC boosted its stake in S&P Global by 0.4% during the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock worth $2,870,000 after buying an additional 22 shares during the period. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Up 0.6%

Shares of SPGI stock traded up $3.49 on Friday, hitting $555.93. The stock had a trading volume of 1,060,179 shares, compared to its average volume of 1,224,779. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average price of $534.30 and a 200 day moving average price of $513.79. The company has a market cap of $169.73 billion, a PE ratio of 42.76, a P/E/G ratio of 2.98 and a beta of 1.19. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating the consensus estimate of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the firm posted $4.04 earnings per share. The company's quarterly revenue was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Stifel Nicolaus dropped their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. UBS Group lifted their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Morgan Stanley lifted their price objective on shares of S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Wells Fargo & Company boosted their target price on shares of S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Oppenheimer boosted their target price on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. One investment 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. According to MarketBeat, S&P Global currently has an average rating of "Buy" and an average target price of $611.69.

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.