OMERS ADMINISTRATION Corp Cuts Stake in S&P Global Inc. $SPGI

Key Points

• OMERS ADMINISTRATION Corp reduced its holdings in S&P Global Inc. by 0.5%, owning 338,654 shares after selling 1,543 shares in the first quarter.
• Analysts have mixed sentiments on the stock, with the target price being cut by Stifel Nicolaus while Wells Fargo raised its target; the consensus rating remains a "Buy".
• S&P Global reported a quarterly earnings per share of $4.43, beating expectations, and announced a quarterly dividend of $0.96 payable on September 10th.

OMERS ADMINISTRATION Corp lessened its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 0.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 338,654 shares of the business services provider's stock after selling 1,543 shares during the period. S&P Global accounts for approximately 1.5% of OMERS ADMINISTRATION Corp's portfolio, making the stock its 19th largest holding. OMERS ADMINISTRATION Corp owned approximately 0.11% of S&P Global worth $172,070,000 as of its most recent SEC filing.

Several other large 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 raised its stake in S&P Global by 60,982.3% in the 1st quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock valued at $1,086,877,000 after purchasing an additional 2,135,599 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in S&P Global by 70.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider's stock valued at $826,819,000 after purchasing an additional 670,392 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 purchasing an additional 614,809 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of S&P Global during the 4th quarter worth about $238,503,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on SPGI. Argus raised shares of S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Morgan Stanley increased their price target on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Barclays lifted 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. Oppenheimer increased their target price on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Finally, UBS Group raised their price target on 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 analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $611.69.

S&P Global Trading Up 0.2%

S&P Global stock traded up $1.06 during midday trading on Friday, reaching $548.61. The stock had a trading volume of 886,915 shares, compared to its average volume of 1,184,245. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The stock has a market capitalization of $167.49 billion, a PE ratio of 42.20, a price-to-earnings-growth ratio of 2.94 and a beta of 1.19. 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 stock's 50-day simple moving average is $538.99 and its 200 day simple moving average is $514.66.

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 EPS for the quarter, topping the consensus estimate of $4.18 by $0.25. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm's revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

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

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.