S&P Global Inc. $SPGI Shares Sold by Haverford Trust Co

Key Points

• Haverford Trust Co has reduced its stake in S&P Global Inc. by 1.8%, now holding 377,077 shares valued at approximately $191.6 million.
• Institutional investors own approximately 87.17% of S&P Global, with several hedge funds acquiring new positions recently.
• S&P Global reported a 5.8% year-over-year revenue growth for the last quarter, beating earnings estimates and setting a fiscal year 2025 EPS guidance between 17.000 and 17.250.

Haverford Trust Co trimmed its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 1.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 377,077 shares of the business services provider's stock after selling 6,793 shares during the period. S&P Global accounts for approximately 1.9% of Haverford Trust Co's holdings, making the stock its 17th biggest position. Haverford Trust Co owned approximately 0.12% of S&P Global worth $191,593,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Minot DeBlois Advisors LLC acquired a new position in S&P Global during the 4th quarter valued at about $25,000. Costello Asset Management INC acquired a new position in S&P Global during the 1st quarter valued at about $26,000. Cheviot Value Management LLC acquired a new position in S&P Global during the 1st quarter valued at about $26,000. Anderson Financial Strategies LLC acquired a new position in S&P Global during the 4th quarter valued at about $27,000. Finally, Smallwood Wealth Investment Management LLC acquired a new position in S&P Global during the 1st quarter valued at about $28,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SPGI. Morgan Stanley boosted their target price on shares of S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Robert W. Baird decreased their target price on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. JPMorgan Chase & Co. upped their price target on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Wells Fargo & Company upped their price target on shares of S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, UBS Group upped 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 note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $611.69.

S&P Global Trading Up 0.6%

Shares of NYSE:SPGI opened at $555.93 on Friday. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The firm has a market cap of $169.73 billion, a P/E ratio of 42.76, a P/E/G ratio of 2.96 and a beta of 1.19. The company has a 50 day moving average of $534.30 and a 200-day moving average of $513.78. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results 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 analyst estimates of $3.65 billion. During the same period in the prior year, the business earned $4.04 earnings per share. The business'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 anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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