Strs Ohio Acquires Shares of 169,288 S&P Global Inc. $SPGI

Key Points

• Strs Ohio acquired 169,288 shares of S&P Global Inc. valued at approximately $86 million in the first quarter, representing about 0.06% of the company.
• S&P Global reported quarterly earnings of $4.43 EPS, exceeding analyst expectations and showing a 5.8% increase in revenue compared to the same quarter last year.
• The company recently declared a quarterly dividend of $0.96, indicating a 0.7% dividend yield and a payout ratio of 29.54%.

Strs Ohio purchased a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 169,288 shares of the business services provider's stock, valued at approximately $86,015,000. Strs Ohio owned about 0.06% of S&P Global as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Minot DeBlois Advisors LLC purchased a new position in S&P Global in the 4th quarter valued at approximately $25,000. Cheviot Value Management LLC purchased a new stake in S&P Global during the first quarter valued at about $26,000. Costello Asset Management INC bought a new position in shares of S&P Global during the first quarter valued at about $26,000. Smallwood Wealth Investment Management LLC bought a new position in shares of S&P Global during the first quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC raised its stake in S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

Shares of NYSE SPGI opened at $540.01 on Thursday. The firm has a 50-day simple moving average of $542.23 and a 200-day simple moving average of $514.99. The stock has a market capitalization of $164.86 billion, a price-to-earnings ratio of 41.54, a price-to-earnings-growth ratio of 2.93 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 Inc. has a 52 week low of $427.14 and a 52 week high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating the consensus estimate of $4.18 by $0.25. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $4.04 earnings per share. 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 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 26th. S&P Global's payout ratio is currently 29.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SPGI shares. Barclays raised their target price 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. Oppenheimer lifted their price target on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. UBS Group lifted their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. raised their price objective on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Finally, Morgan Stanley raised 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. 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. Based on data from MarketBeat.com, S&P Global has a consensus rating of "Buy" and a consensus target price of $611.69.

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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