S&P Global Inc. $SPGI Stock Position Lowered by BDF Gestion

Key Points

• BDF Gestion has reduced its stake in S&P Global Inc. by 9.8%, now holding 7,907 shares valued at approximately $4.17 million.
• Analysts are optimistic about S&P Global, with several firms raising their target prices, including Citigroup from $600 to $635, maintaining a consensus rating of Buy.
• The company reported a strong earnings performance with $4.43 EPS, exceeding expectations, and announced a quarterly dividend of $0.96 per share, yielding 0.8% annually.

BDF Gestion reduced its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 9.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,907 shares of the business services provider's stock after selling 862 shares during the quarter. BDF Gestion's holdings in S&P Global were worth $4,169,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SPGI. Divergent Planning LLC acquired a new stake in shares of S&P Global in the 2nd quarter valued at approximately $303,000. Dynamic Advisor Solutions LLC raised its holdings in shares of S&P Global by 6.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider's stock worth $6,568,000 after acquiring an additional 733 shares during the last quarter. SCS Capital Management LLC acquired a new position in shares of S&P Global in the first quarter worth $240,000. Caxton Associates LLP acquired a new stake in S&P Global during the 1st quarter worth approximately $386,000. Finally, GAMMA Investing LLC boosted its position in shares of S&P Global by 20.2% in 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 during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Performance

SPGI stock traded down $1.03 on Monday, reaching $506.13. The company's stock had a trading volume of 1,754,447 shares, compared to its average volume of 1,283,000. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. 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 company has a market capitalization of $154.52 billion, a P/E ratio of 38.93, a price-to-earnings-growth ratio of 2.71 and a beta of 1.20. The firm has a fifty day moving average of $542.96 and a two-hundred day moving average of $515.21.

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 (EPS) for the quarter, topping analysts' consensus estimates of $4.18 by $0.25. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the firm posted $4.04 EPS. The firm'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. As a group, analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global's payout ratio is 29.54%.

Analysts Set New Price Targets

SPGI has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Wells Fargo & Company upped their target price on S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a research report on Friday. BMO Capital Markets upped their target price on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. UBS Group boosted their price target on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, Morgan Stanley boosted their price target 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. One 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, the stock has a consensus rating of "Buy" and a consensus target price of $614.46.

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.