Gamco Investors INC. ET AL Sells 2,065 Shares of S&P Global Inc. $SPGI

Key Points

• Gamco Investors INC. ET AL reduced its holdings in S&P Global Inc. by 9.1% in the 1st quarter, now owning 20,626 shares valued at $10.48 million.
• Various analysts have raised target prices for S&P Global, with a consensus rating of "Buy" and an average price target of $611.69.
• The company declared a quarterly dividend of $0.96 per share, resulting in an annualized yield of 0.7%.

Gamco Investors INC. ET AL decreased its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 9.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 20,626 shares of the business services provider's stock after selling 2,065 shares during the quarter. Gamco Investors INC. ET AL's holdings in S&P Global were worth $10,480,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Findlay Park Partners LLP raised its holdings in S&P Global by 1.3% in the 1st quarter. Findlay Park Partners LLP now owns 605,620 shares of the business services provider's stock valued at $307,716,000 after acquiring an additional 8,000 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of S&P Global by 7.9% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 346,045 shares of the business services provider's stock valued at $175,825,000 after purchasing an additional 25,249 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of S&P Global by 52.6% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 82,205 shares of the business services provider's stock valued at $41,769,000 after purchasing an additional 28,321 shares in the last quarter. ICONIQ Capital LLC boosted its stake in S&P Global by 15.5% during the first quarter. ICONIQ Capital LLC now owns 1,646 shares of the business services provider's stock worth $836,000 after buying an additional 221 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in S&P Global by 6.1% during the first quarter. APG Asset Management N.V. now owns 308,115 shares of the business services provider's stock worth $144,930,000 after buying an additional 17,615 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

SPGI traded up $1.06 during trading on Friday, hitting $548.61. The company's stock had a trading volume of 886,915 shares, compared to its average volume of 1,184,245. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $167.49 billion, a price-to-earnings ratio of 42.20, a price-to-earnings-growth ratio of 2.93 and a beta of 1.19. The firm's 50 day moving average price is $538.99 and its two-hundred day moving average price is $514.77. 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 announced its earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter in the prior year, the business earned $4.04 earnings per share. The business's revenue for the quarter 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. 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.7%. S&P Global's payout ratio is currently 29.54%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Argus raised shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. BMO Capital Markets increased 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. Morgan Stanley lifted their price objective on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Barclays upped their price objective on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Oppenheimer upped their price target on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $611.69.

S&P Global 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.