S&P Global Inc. $SPGI Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE reduced its stake in S&P Global Inc. by 2.2%, now holding approximately 255,768 shares valued at $134.86 million.
• Several analysts have increased their price targets for S&P Global, with Citigroup raising it to $635, highlighting strong investor confidence in the stock.
• S&P Global recently announced a quarterly dividend of $0.96, with an annualized yield of 0.8%, to be paid on December 10th.

US Bancorp DE decreased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 255,768 shares of the business services provider's stock after selling 5,669 shares during the quarter. US Bancorp DE owned about 0.08% of S&P Global worth $134,864,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock valued at $1,582,000 after acquiring an additional 143 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in shares of S&P Global by 10.3% during the 1st quarter. Wedge Capital Management L L P NC now owns 587 shares of the business services provider's stock valued at $298,000 after acquiring an additional 55 shares during the last quarter. Capital Investment Advisors LLC increased its stake in shares of S&P Global by 29.4% during the 1st quarter. Capital Investment Advisors LLC now owns 524 shares of the business services provider's stock valued at $266,000 after acquiring an additional 119 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of S&P Global by 5.0% during the 1st quarter. Farther Finance Advisors LLC now owns 4,512 shares of the business services provider's stock valued at $2,304,000 after acquiring an additional 216 shares during the last quarter. Finally, Pallas Capital Advisors LLC acquired a new position in shares of S&P Global during the 1st quarter valued at about $426,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Seaport Res Ptn raised shares of S&P Global to a "strong-buy" rating in a research note on Wednesday, October 1st. Barclays upped their price objective on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. boosted their target price on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Morgan Stanley boosted their target price on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Citigroup boosted 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. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $614.46.

S&P Global Stock Up 0.2%

Shares of NYSE:SPGI opened at $482.20 on Thursday. The stock has a market capitalization of $147.22 billion, a P/E ratio of 37.09, a PEG ratio of 2.56 and a beta of 1.19. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The stock has a 50-day simple moving average of $532.35 and a 200-day simple moving average of $514.56. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, topping analysts' consensus estimates of $4.18 by $0.25. The firm had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.S&P Global's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter 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 analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global's dividend payout ratio is currently 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.

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