S&P Global Inc. $SPGI Shares Sold by Banco BTG Pactual S.A.

Key Points

• Banco BTG Pactual S.A. reduced its stake in S&P Global Inc. by 38.7%, now holding 1,340 shares worth approximately $681,000.
• S&P Global reported solid earnings for the last quarter, with $4.43 earnings per share, exceeding estimates, and revenue of $3.76 billion.
• The company has declared a quarterly dividend of $0.96, reflecting an annualized yield of 0.7%, with a payout ratio of 29.54%.

Banco BTG Pactual S.A. trimmed its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 38.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,340 shares of the business services provider's stock after selling 846 shares during the period. Banco BTG Pactual S.A.'s holdings in S&P Global were worth $681,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Graham Capital Management L.P. acquired a new position in S&P Global during the 4th quarter worth $14,040,000. GAMMA Investing LLC increased its holdings in shares of S&P Global by 20.2% during the first quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock worth $2,139,000 after buying an additional 708 shares in the last quarter. E Fund Management Co. Ltd. grew its stake in shares of S&P Global by 59.7% during the first quarter. E Fund Management Co. Ltd. now owns 2,909 shares of the business services provider's stock valued at $1,478,000 after purchasing an additional 1,088 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in S&P Global by 1.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock worth $44,102,000 after purchasing an additional 1,166 shares during the period. Finally, Alaethes Wealth LLC acquired a new stake in shares of S&P Global during the fourth quarter worth $2,029,000. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Trading Up 0.5%

Shares of SPGI opened at $553.6990 on Wednesday. The firm's 50 day simple moving average is $531.39 and its 200 day simple moving average is $512.95. The company has a market capitalization of $169.04 billion, a P/E ratio of 42.59, a P/E/G ratio of 2.95 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick 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 issued its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The business's revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently commented on SPGI shares. Wells Fargo & Company lifted their target price on shares of S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. UBS Group upped their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. BMO Capital Markets upped their price objective on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Argus raised shares of S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Finally, Stifel Nicolaus reduced their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, S&P Global currently has a consensus rating of "Buy" and an average price target 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.

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