Totem Point Management LLC Raises Stock Holdings in S&P Global Inc. $SPGI

Key Points

• Totem Point Management LLC increased its stake in S&P Global Inc. by 4.8% during Q1, making it the largest position in their portfolio, valued at approximately $13.73 million.
• Multiple hedge funds have also raised their stakes in S&P Global, contributing to a total institutional ownership of 87.17% of the company.
• Research analysts have boosted their price targets for S&P Global, with Barclays and BMO setting targets at $620.00 and $621.00 respectively, reflecting a generally positive outlook on the stock.

Totem Point Management LLC grew its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 4.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,031 shares of the business services provider's stock after buying an additional 1,231 shares during the period. S&P Global makes up 16.9% of Totem Point Management LLC's portfolio, making the stock its biggest position. Totem Point Management LLC's holdings in S&P Global were worth $13,734,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stegent Equity Advisors Inc. increased its position in shares of S&P Global by 3.1% during the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider's stock worth $335,000 after purchasing an additional 20 shares during the last quarter. Foster Dykema Cabot & Partners LLC increased its position in shares of S&P Global by 0.7% during the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider's stock worth $1,453,000 after purchasing an additional 20 shares during the last quarter. Integrated Investment Consultants LLC increased its position in shares of S&P Global by 2.8% during the 1st quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider's stock worth $387,000 after purchasing an additional 21 shares during the last quarter. Hemington Wealth Management increased its holdings in shares of S&P Global by 8.0% during the 1st quarter. Hemington Wealth Management now owns 284 shares of the business services provider's stock worth $144,000 after acquiring an additional 21 shares during the last quarter. Finally, Retirement Planning Group LLC increased its holdings in shares of S&P Global by 0.4% during the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock worth $2,870,000 after acquiring an additional 22 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Barclays boosted their target price on S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. BMO Capital Markets boosted their target price on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Wells Fargo & Company boosted their target price on S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. JPMorgan Chase & Co. boosted their target price on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Finally, UBS Group boosted their target price on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $611.69.

S&P Global Trading Down 0.4%

SPGI stock opened at $547.67 on Friday. 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 company's 50-day simple moving average is $538.10 and its 200 day simple moving average is $514.72. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The company has a market capitalization of $167.20 billion, a PE ratio of 42.13, a price-to-earnings-growth ratio of 2.94 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results 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. 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 the consensus estimate of $3.65 billion. During the same period in the prior year, the company posted $4.04 earnings per share. S&P Global's revenue 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. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. 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 is presently 29.54%.

About S&P Global

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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