Nissay Asset Management Corp Japan ADV Has $104.78 Million Position in S&P Global Inc. $SPGI

Key Points

• Nissay Asset Management Corp Japan ADV has reduced its stake in S&P Global Inc. (SPGI) by 11.5%, owning approximately 206,221 shares after selling 26,891 shares during the first quarter.
• Several large investors including Vanguard Group and Price T Rowe Associates have increased their holdings in S&P Global, reflecting strong institutional interest with over 87% of the stock owned by institutional investors.
• S&P Global reported earnings of $4.43 per share for the latest quarter, surpassing estimates, and has set a fiscal year 2025 EPS guidance of 17.000-17.250 amid positive analyst forecasts.

Nissay Asset Management Corp Japan ADV cut its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 11.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 206,221 shares of the business services provider's stock after selling 26,891 shares during the quarter. S&P Global accounts for about 0.7% of Nissay Asset Management Corp Japan ADV's investment portfolio, making the stock its 28th largest holding. Nissay Asset Management Corp Japan ADV owned 0.07% of S&P Global worth $104,781,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Stegent Equity Advisors Inc. increased its position in shares of S&P Global by 3.1% during the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider's stock valued at $335,000 after purchasing an additional 20 shares during the period. Foster Dykema Cabot & Partners LLC increased its position in shares of S&P Global by 0.7% during the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider's stock valued at $1,453,000 after purchasing an additional 20 shares during the period. Integrated Investment Consultants LLC increased its position in shares of S&P Global by 2.8% during the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider's stock valued at $387,000 after purchasing an additional 21 shares during the period. Hemington Wealth Management increased its position in shares of S&P Global by 8.0% during the first quarter. Hemington Wealth Management now owns 284 shares of the business services provider's stock valued at $144,000 after purchasing an additional 21 shares during the period. Finally, Retirement Planning Group LLC increased its position in shares of S&P Global by 0.4% during the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock valued at $2,870,000 after purchasing an additional 22 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

NYSE:SPGI traded down $2.65 during trading hours on Friday, reaching $537.61. The company had a trading volume of 920,331 shares, compared to its average volume of 1,005,469. The stock has a 50-day moving average of $541.21 and a two-hundred day moving average of $514.49. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The firm has a market capitalization of $164.13 billion, a PE ratio of 41.35, a PEG ratio of 2.88 and a beta of 1.20. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34.

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 for the quarter, beating 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 firm had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.65 billion. During the same period in the prior year, the business posted $4.04 earnings per share. The business'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. Analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently disclosed 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 yield of 0.7%. S&P Global's payout ratio is currently 29.54%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SPGI shares. Barclays boosted their price objective on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. UBS Group boosted their price objective on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. BMO Capital Markets boosted their price objective on S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Oppenheimer boosted their price objective 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. Finally, Wells Fargo & Company boosted their price objective on S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $611.69.

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.