UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 114,843 Shares of S&P Global Inc. $SPGI

Key Points

• UBS AM increased its stake in S&P Global Inc. by 3.7%, owning a total of 3,186,250 shares valued at approximately $1.62 billion.
• In Q1, several large investors, including Nuveen LLC and GAMMA Investing LLC, also significantly increased their positions in S&P Global, contributing to 87.17% institutional ownership of the stock.
• S&P Global recently announced a quarterly dividend of $0.96, with a yield of 0.7%, and reported earnings exceeding analysts' estimates with a net margin of 27.30% for the last quarter.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,186,250 shares of the business services provider's stock after acquiring an additional 114,843 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 1.04% of S&P Global worth $1,618,934,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SPGI. Stegent Equity Advisors Inc. boosted its stake in S&P Global by 3.1% during the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider's stock worth $335,000 after acquiring an additional 20 shares in the last quarter. Foster Dykema Cabot & Partners LLC boosted its stake in S&P Global by 0.7% during the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider's stock worth $1,453,000 after acquiring an additional 20 shares in the last quarter. Integrated Investment Consultants LLC boosted its stake in S&P Global by 2.8% during the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider's stock worth $387,000 after acquiring an additional 21 shares in the last quarter. Hemington Wealth Management boosted its stake in S&P Global by 8.0% during the first quarter. Hemington Wealth Management now owns 284 shares of the business services provider's stock worth $144,000 after acquiring an additional 21 shares in the last quarter. Finally, Retirement Planning Group LLC boosted its stake in S&P Global by 0.4% during the fourth 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 in the last quarter. Institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SPGI shares. Morgan Stanley boosted their price objective on shares of S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. boosted 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 note on Monday, July 21st. Oppenheimer boosted their price objective on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Wells Fargo & Company upped their price objective on S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, BMO Capital Markets lifted 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. 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 company. According to MarketBeat.com, S&P Global has a consensus rating of "Buy" and a consensus price target of $611.69.

S&P Global Stock Performance

SPGI traded down $5.62 during mid-day trading on Friday, reaching $545.26. 1,008,379 shares of the company traded hands, compared to its average volume of 993,151. The company's fifty day moving average price is $542.91 and its 200-day moving average price is $515.19. The stock has a market capitalization of $166.47 billion, a P/E ratio of 41.94, a P/E/G ratio of 2.95 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 issued 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 return on equity of 15.11% and a net margin of 27.30%.The company 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 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. On average, sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th were paid 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 was Tuesday, August 26th. S&P Global's payout ratio is currently 29.54%.

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.