S&P Global Inc. $SPGI Shares Purchased by Tema Etfs LLC

Key Points

• Tema Etfs LLC increased its stake in S&P Global Inc. by 144.5% in the 1st quarter, acquiring a total of 4,662 shares worth approximately $2.37 million.
• S&P Global's most recent earnings report revealed an EPS of $4.43, surpassing analysts' expectations, with a revenue increase of 5.8% year-over-year.
• The company has a dividend yield of 0.7%, announcing a quarterly dividend of $0.96 per share, payable on September 10th.

Tema Etfs LLC boosted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 144.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,662 shares of the business services provider's stock after buying an additional 2,755 shares during the quarter. Tema Etfs LLC's holdings in S&P Global were worth $2,369,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new stake in S&P Global in the 4th quarter valued at about $25,000. Cheviot Value Management LLC purchased a new stake in S&P Global in the 1st quarter valued at about $26,000. Costello Asset Management INC purchased a new stake in S&P Global in the 1st quarter valued at about $26,000. Anderson Financial Strategies LLC purchased a new stake in S&P Global in the 4th quarter valued at about $27,000. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in S&P Global in the 1st quarter valued at about $28,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on SPGI. 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 research report on Monday, July 21st. Barclays increased their target price 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. Argus upgraded shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Morgan Stanley increased their target price on shares of S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, BMO Capital Markets increased their target price on shares of S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, S&P Global presently has an average rating of "Buy" and a consensus price target of $611.69.

S&P Global Stock Up 0.2%

Shares of SPGI stock traded up $1.06 during mid-day trading on Friday, hitting $548.61. 886,915 shares of the stock traded hands, compared to its average volume of 1,184,245. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The stock has a market cap of $167.49 billion, a P/E ratio of 42.20, a P/E/G ratio of 2.94 and a beta of 1.19. 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 stock's fifty day moving average is $538.99 and its two-hundred day moving average is $514.66.

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, 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 firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the business posted $4.04 EPS. S&P Global's revenue was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

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

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.