S&P Global Inc. $SPGI Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its stake in S&P Global by 68.6% in the second quarter, owning 446 shares worth $235,000 after the sale.
• S&P Global reported earnings of $4.43 per share for the latest quarter, exceeding analysts' expectations of $4.18, and has set a fiscal year 2025 guidance of 17.000-17.250 EPS.
• The company announced a quarterly dividend of $0.96 per share, leading to an annualized yield of 0.8%, payable on December 10th to investors of record on November 25th.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lowered its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 68.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 446 shares of the business services provider's stock after selling 974 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in S&P Global were worth $235,000 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. Cheviot Value Management LLC acquired a new stake in S&P Global during the first quarter worth about $26,000. Costello Asset Management INC acquired a new stake in shares of S&P Global during the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of S&P Global during the 2nd quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new position in S&P Global in the first quarter valued at approximately $28,000. Finally, CBIZ Investment Advisory Services LLC grew its position in S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after acquiring an additional 31 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Down 1.2%

NYSE SPGI opened at $484.79 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $148.01 billion, a price-to-earnings ratio of 37.29, a PEG ratio of 2.63 and a beta of 1.20. The firm has a 50 day simple moving average of $540.46 and a 200-day simple moving average of $514.94. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last released its 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. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Morgan Stanley lifted their target price on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. UBS Group upped their target price on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Citigroup increased their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Oppenheimer boosted their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, BMO Capital Markets increased their price objective 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 equities research analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target 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.

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