Credit Agricole S A Raises Stock Position in S&P Global Inc. $SPGI

Key Points

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Credit Agricole S A lifted its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 24.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 398,834 shares of the business services provider's stock after acquiring an additional 79,426 shares during the quarter. S&P Global accounts for 0.6% of Credit Agricole S A's portfolio, making the stock its 19th largest position. Credit Agricole S A owned about 0.13% of S&P Global worth $202,648,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SPGI. Brighton Jones LLC lifted its holdings in shares of S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after acquiring an additional 143 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of S&P Global by 3.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock worth $37,093,000 after acquiring an additional 2,413 shares during the last quarter. GHE LLC lifted its holdings in shares of S&P Global by 2.1% in the 4th quarter. GHE LLC now owns 13,504 shares of the business services provider's stock worth $6,725,000 after acquiring an additional 274 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of S&P Global in the 4th quarter worth about $355,000. Finally, First Trust Advisors LP lifted its holdings in shares of S&P Global by 356.0% in the 4th quarter. First Trust Advisors LP now owns 106,406 shares of the business services provider's stock worth $52,993,000 after acquiring an additional 83,070 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Up 0.6%

NYSE SPGI traded up $3.49 during trading on Friday, reaching $555.93. 1,060,179 shares of the company's stock traded hands, compared to its average volume of 1,238,374. 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 firm has a market cap of $169.73 billion, a price-to-earnings ratio of 42.76, a price-to-earnings-growth ratio of 2.98 and a beta of 1.19. The company's 50 day simple moving average is $534.30 and its two-hundred day simple moving average is $513.75. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05.

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, beating analysts' consensus estimates of $4.18 by $0.25. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be given 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 yield of 0.7%. S&P Global's dividend payout ratio (DPR) is 29.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SPGI shares. BMO Capital Markets raised their target price on shares of S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. JPMorgan Chase & Co. lifted their price objective on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Morgan Stanley lifted their price objective on shares of S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a report on Friday, August 1st. UBS Group lifted their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, Oppenheimer lifted their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, S&P Global presently has an average rating of "Buy" and a consensus target price of $611.69.

About S&P Global

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.