S&P Global Inc. $SPGI Shares Sold by Okabena Investment Services Inc.

Key Points

• Okabena Investment Services Inc. reduced its stake in S&P Global Inc. (NYSE:SPGI) by 49.2% during the first quarter, selling 2,425 shares and now holding 2,501 shares valued at $1.27 million.
• Several other institutional investors adjusted their holdings in S&P Global, with Truvestments Capital LLC increasing its stake by 592.9%, and overall 87.17% of the company’s stock is owned by institutional investors.
• S&P Global reported earnings of $4.43 per share for the last quarter, exceeding expectations, and announced a dividend of $0.96 per share, representing an annual yield of 0.7%.

Okabena Investment Services Inc. trimmed its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 49.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,501 shares of the business services provider's stock after selling 2,425 shares during the quarter. Okabena Investment Services Inc.'s holdings in S&P Global were worth $1,271,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SPGI. Brighton Jones LLC increased its holdings in shares of S&P Global by 4.7% in 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 period. Bank Pictet & Cie Europe AG grew its position in S&P Global by 3.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock valued at $37,093,000 after buying an additional 2,413 shares during the last quarter. GHE LLC grew its position in S&P Global by 2.1% in the 4th quarter. GHE LLC now owns 13,504 shares of the business services provider's stock valued at $6,725,000 after buying an additional 274 shares during the last quarter. Lido Advisors LLC grew its position in S&P Global by 10.1% in the 4th quarter. Lido Advisors LLC now owns 12,873 shares of the business services provider's stock valued at $6,411,000 after buying an additional 1,178 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in S&P Global by 3.5% in the 4th quarter. AQR Capital Management LLC now owns 36,404 shares of the business services provider's stock valued at $18,130,000 after buying an additional 1,234 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SPGI shares. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Morgan Stanley lifted their price objective on shares of S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Barclays lifted 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 report on Thursday, July 31st. BMO Capital Markets boosted their target price on shares of S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company boosted their target price on shares of S&P Global from $632.00 to $660.00 and gave the stock 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 assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $611.69.

S&P Global Price Performance

Shares of NYSE SPGI traded up $1.06 during trading on Friday, hitting $548.61. 886,915 shares of the company were exchanged, compared to its average volume of 1,184,245. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The firm's fifty day moving average price is $538.99 and its 200 day moving average price is $514.66. The company has a market cap of $167.49 billion, a price-to-earnings ratio of 42.20, a PEG ratio of 2.94 and a beta of 1.19.

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 EPS for the quarter, topping the consensus estimate of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the previous year, the firm earned $4.04 EPS. The business's revenue for the quarter 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, sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors 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 annualized dividend and a yield of 0.7%. S&P Global's payout ratio is presently 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.