DnB Asset Management AS Sells 16,298 Shares of S&P Global Inc. $SPGI

Key Points

• DnB Asset Management AS reduced its stake in S&P Global Inc. by 6.3%, maintaining 242,705 shares valued at approximately $123.3 million following the sale of 16,298 shares.
• S&P Global reported an earnings per share (EPS) of $4.43 for the last quarter, surpassing analyst estimates, and set its FY 2025 guidance between 17.000-17.250 EPS.
• Multiple analysts have raised their price targets for S&P Global, with Barclays updating its target to $620.00 and Morgan Stanley to $615.00, both maintaining an "overweight" rating.

DnB Asset Management AS lowered its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 6.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 242,705 shares of the business services provider's stock after selling 16,298 shares during the period. DnB Asset Management AS owned 0.08% of S&P Global worth $123,318,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SPGI. Nuveen LLC acquired a new stake in shares of S&P Global in the first quarter valued at approximately $1,103,665,000. GAMMA Investing LLC grew its holdings in S&P Global by 60,982.3% during the 1st quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock worth $1,086,877,000 after acquiring an additional 2,135,599 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in S&P Global by 70.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider's stock worth $826,819,000 after acquiring an additional 670,392 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in S&P Global by 26.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider's stock worth $1,497,493,000 after acquiring an additional 614,809 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in S&P Global during the 4th quarter worth $238,503,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

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

S&P Global Stock Performance

NYSE SPGI traded up $2.12 during trading on Tuesday, reaching $547.99. The company's stock had a trading volume of 331,750 shares, compared to its average volume of 1,260,481. The firm has a 50 day moving average price of $541.58 and a 200 day moving average price of $514.58. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $167.30 billion, a price-to-earnings ratio of 42.18, a price-to-earnings-growth ratio of 2.88 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $3.65 billion. During the same quarter in the prior year, the firm earned $4.04 EPS. The firm's revenue was up 5.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is presently 29.54%.

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.