S&P Global Inc. $SPGI Shares Sold by Segment Wealth Management LLC

Key Points

• Segment Wealth Management LLC reduces its stake in S&P Global by 1.3%, holding 88,543 shares valued at approximately $46.7 million.
• A few institutional investors, including Vanguard and Price T Rowe Associates, have increased their positions in S&P Global, indicating strong institutional interest.
• Analysts maintain a positive outlook for S&P Global, with a consensus average target price of $614.46 and many giving the stock a "buy" or "strong-buy" rating.

Segment Wealth Management LLC cut its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,543 shares of the business services provider's stock after selling 1,167 shares during the period. S&P Global makes up approximately 3.0% of Segment Wealth Management LLC's investment portfolio, making the stock its 4th largest holding. Segment Wealth Management LLC's holdings in S&P Global were worth $46,688,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in S&P Global by 0.4% during the first quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider's stock worth $15,130,711,000 after acquiring an additional 108,729 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in S&P Global by 3.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider's stock worth $1,618,934,000 after acquiring an additional 114,843 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in S&P Global by 26.4% during the first 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 acquiring an additional 614,809 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in S&P Global by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider's stock worth $1,403,468,000 after acquiring an additional 97,324 shares in the last quarter. Finally, Nuveen LLC bought a new position in S&P Global during the first quarter worth about $1,103,665,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SPGI shares. Oppenheimer lifted their target price on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Weiss Ratings reiterated a "buy (b)" rating on shares of S&P Global in a report on Saturday, September 27th. Citigroup lifted their target price on S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a report on Monday, September 15th. Barclays boosted their price target on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, Seaport Res Ptn upgraded S&P Global to a "strong-buy" rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $614.46.

S&P Global Stock Performance

SPGI opened at $479.88 on Friday. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The firm has a market capitalization of $146.51 billion, a PE ratio of 36.91, a PEG ratio of 2.55 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 business's 50-day simple moving average is $535.36 and its 200 day simple moving average is $514.89.

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 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 business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the prior year, the company posted $4.04 earnings per share. S&P Global's 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, sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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 issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global's dividend payout ratio is presently 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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