S&P Global Inc. $SPGI Shares Bought by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd increased its stake in S&P Global Inc. by 5.7% in Q1, owning 20,293 shares valued at $10.31 million.
• Wall Street analysts have raised their target prices for S&P Global, with an average target price now at $611.69 and a majority rating it a "Buy."
• S&P Global announced a quarterly dividend of $0.96 per share, which reflects an annualized yield of 0.7%, with an ex-dividend date set for August 26th.

UniSuper Management Pty Ltd grew its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 5.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,293 shares of the business services provider's stock after purchasing an additional 1,100 shares during the period. UniSuper Management Pty Ltd's holdings in S&P Global were worth $10,311,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Stegent Equity Advisors Inc. boosted its stake in shares of S&P Global by 3.1% during the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider's stock worth $335,000 after purchasing an additional 20 shares during the last quarter. Foster Dykema Cabot & Partners LLC boosted its stake in shares of S&P Global by 0.7% during the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider's stock worth $1,453,000 after purchasing an additional 20 shares during the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of S&P Global by 2.8% during the 1st quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider's stock worth $387,000 after purchasing an additional 21 shares during the last quarter. Hemington Wealth Management boosted its stake in shares of S&P Global by 8.0% during the 1st quarter. Hemington Wealth Management now owns 284 shares of the business services provider's stock worth $144,000 after purchasing an additional 21 shares during the last quarter. Finally, Retirement Planning Group LLC boosted its position in shares of S&P Global by 0.4% in the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock worth $2,870,000 after acquiring an additional 22 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Oppenheimer raised their target price on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Barclays raised their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Morgan Stanley raised their target price on shares of 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 target price on shares of 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, 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 research report on Friday, August 1st. 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. Based on data from MarketBeat.com, S&P Global presently has an average rating of "Buy" and an average price target of $611.69.

S&P Global Trading Down 0.5%

Shares of SPGI stock opened at $537.61 on Monday. The stock has a market cap of $164.13 billion, a price-to-earnings ratio of 41.35, a price-to-earnings-growth ratio of 2.88 and a beta of 1.20. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The firm's 50 day moving average price is $541.21 and its two-hundred day moving average price is $514.49.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share 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 net margin of 27.30% and a return on equity of 15.11%. S&P Global's revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

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

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.

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