S&P Global Inc. $SPGI Shares Purchased by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in S&P Global Inc. by 1,259.4%, acquiring an additional 32,720 shares during the first quarter, bringing its total holdings to 35,318 shares worth nearly $17.95 million.
• S&P Global reported a quarterly earnings per share (EPS) of $4.43, exceeding analysts' expectations of $4.18, with revenues of $3.76 billion for the quarter.
• The company declared a quarterly dividend of $0.96 per share with a yield of 0.7%, with the dividend scheduled to be paid on September 10th.

T. Rowe Price Investment Management Inc. lifted its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 1,259.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,318 shares of the business services provider's stock after acquiring an additional 32,720 shares during the period. T. Rowe Price Investment Management Inc.'s holdings in S&P Global were worth $17,946,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Minot DeBlois Advisors LLC acquired a new stake in shares of S&P Global during the fourth quarter valued at approximately $25,000. Cheviot Value Management LLC acquired a new position in shares of S&P Global during the 1st quarter worth $26,000. Costello Asset Management INC bought a new stake in shares of S&P Global during the 1st quarter worth $26,000. Anderson Financial Strategies LLC bought a new stake in S&P Global in the 4th quarter valued at $27,000. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in S&P Global in the 1st quarter valued at about $28,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of NYSE SPGI traded up $1.62 during midday trading on Friday, reaching $549.17. 401,845 shares of the stock were exchanged, compared to its average volume of 1,271,563. The firm has a market cap of $167.66 billion, a price-to-earnings ratio of 42.25, a PEG ratio of 2.94 and a beta of 1.19. The firm has a 50-day simple moving average of $538.10 and a two-hundred day simple moving average of $514.72. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. 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 issued its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 15.11% and a net margin of 27.30%.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 business posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued 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 is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is currently 29.54%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. 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 raised their price objective 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 raised their price objective on S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target 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.