Vident Advisory LLC Has $4.54 Million Stake in S&P Global Inc. $SPGI

Key Points

• Vident Advisory LLC increased its stake in S&P Global Inc. by 28.5%, now owning 8,924 shares valued at approximately $4.54 million.
• S&P Global reported quarterly earnings of $4.43 EPS, surpassing analyst expectations and indicating a 5.8% revenue increase year-over-year.
• The company announced a quarterly dividend of $0.96 per share, set to be paid on September 10th, representing an annualized yield of 0.7%.

Vident Advisory LLC increased its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 28.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,924 shares of the business services provider's stock after acquiring an additional 1,981 shares during the quarter. Vident Advisory LLC's holdings in S&P Global were worth $4,535,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Graham Capital Management L.P. acquired a new stake in shares of S&P Global in the fourth quarter valued at approximately $14,040,000. GAMMA Investing LLC raised its holdings in S&P Global by 20.2% in the 1st quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock valued at $2,139,000 after acquiring an additional 708 shares in the last quarter. E Fund Management Co. Ltd. lifted its position in shares of S&P Global by 59.7% during the 1st quarter. E Fund Management Co. Ltd. now owns 2,909 shares of the business services provider's stock valued at $1,478,000 after acquiring an additional 1,088 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of S&P Global by 1.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock worth $44,102,000 after purchasing an additional 1,166 shares in the last quarter. Finally, Alaethes Wealth LLC bought a new position in shares of S&P Global in the fourth quarter worth $2,029,000. Institutional investors own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

SPGI has been the subject of several recent analyst reports. Barclays upped their price objective on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. BMO Capital Markets lifted their price objective on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Wells Fargo & Company upped their target price on S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. boosted their price target on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $611.69.

S&P Global Trading Down 1.6%

S&P Global stock traded down $8.77 during trading hours on Tuesday, hitting $539.67. The stock had a trading volume of 1,069,568 shares, compared to its average volume of 1,048,602. The business's 50 day simple moving average is $539.99 and its 200-day simple moving average is $514.70. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The stock has a market cap of $164.76 billion, a price-to-earnings ratio of 41.51, a P/E/G ratio of 2.94 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 released its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the prior year, the firm posted $4.04 earnings per share. The firm'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. On average, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

S&P Global Company 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.