S&P Global Inc. $SPGI Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd has increased its stake in S&P Global Inc. by 2.2%, now owning 57,101 shares valued at approximately $30.11 million.
• The recent earnings report for S&P Global revealed earnings per share of $4.43, exceeding expectations and showing a year-over-year revenue increase of 5.8%.
• S&P Global announced a quarterly dividend of $0.96, expected to be paid on December 10th, representing an annual yield of 0.7% and a dividend payout ratio of 29.54%.

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,101 shares of the business services provider's stock after purchasing an additional 1,232 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in S&P Global were worth $30,109,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SPGI. Cheviot Value Management LLC acquired a new position in shares of S&P Global during the 1st quarter worth about $26,000. Costello Asset Management INC bought a new stake in shares of S&P Global during the 1st quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of S&P Global during the 1st quarter worth approximately $28,000. CBIZ Investment Advisory Services LLC lifted its stake in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock valued at $31,000 after purchasing an additional 31 shares during the last quarter. Finally, eCIO Inc. bought a new position in S&P Global in the 1st quarter valued at approximately $32,000. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Down 0.1%

NYSE SPGI traded down $0.59 on Friday, hitting $507.21. 4,147,224 shares of the stock were exchanged, compared to its average volume of 1,068,322. 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 stock has a fifty day moving average price of $542.96 and a two-hundred day moving average price of $515.20. The firm has a market capitalization of $154.85 billion, a P/E ratio of 39.02, a P/E/G ratio of 2.71 and a beta of 1.20. 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 released its quarterly earnings data 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 company 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 firm's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global's dividend payout ratio is 29.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Morgan Stanley raised their price target 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. BMO Capital Markets lifted 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 note on Friday, August 1st. Oppenheimer boosted their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Barclays boosted their price objective on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $614.46.

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.