V Square Quantitative Management LLC Has $3.89 Million Holdings in S&P Global Inc. $SPGI

Key Points

• V Square Quantitative Management LLC increased its holdings in S&P Global Inc. by 9.1%, owning 7,369 shares valued at approximately $3.89 million, making it their 27th largest position.
• Major institutional investors, such as Nuveen LLC and Mitsubishi UFJ Asset Management, have significantly boosted their stakes in S&P Global, reflecting strong interest in the stock.
• S&P Global's latest earnings report showed a profit of $4.43 per share, exceeding expectations, with the company projecting an EPS of 17.11 for the current fiscal year.

V Square Quantitative Management LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 9.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,369 shares of the business services provider's stock after buying an additional 616 shares during the quarter. S&P Global comprises about 0.5% of V Square Quantitative Management LLC's holdings, making the stock its 27th largest position. V Square Quantitative Management LLC's holdings in S&P Global were worth $3,886,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SPGI. Nuveen LLC bought a new stake in S&P Global in the first quarter valued at $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in S&P Global by 70.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider's stock valued at $826,819,000 after purchasing an additional 670,392 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in S&P Global by 26.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider's stock valued at $1,497,493,000 after purchasing an additional 614,809 shares in the last quarter. Alliancebernstein L.P. increased its stake in S&P Global by 37.9% in the first quarter. Alliancebernstein L.P. now owns 766,154 shares of the business services provider's stock valued at $389,283,000 after purchasing an additional 210,373 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in S&P Global by 667.7% in the first quarter. Jones Financial Companies Lllp now owns 237,051 shares of the business services provider's stock valued at $131,181,000 after purchasing an additional 206,174 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SPGI. Oppenheimer lifted their price target 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. JPMorgan Chase & Co. lifted 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. Citigroup lifted their price objective on shares of S&P Global from $600.00 to $635.00 and gave the company a "buy" rating in a report on Monday, September 15th. BMO Capital Markets lifted their price objective on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, UBS Group lifted their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $614.46.

S&P Global Stock Up 0.6%

Shares of NYSE SPGI opened at $487.66 on Monday. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The stock has a market capitalization of $148.88 billion, a P/E ratio of 37.51, a P/E/G ratio of 2.61 and a beta of 1.20. The company has a 50-day moving average price of $539.72 and a 200-day moving average price of $515.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98.

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 earnings per share 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 business had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.65 billion. During the same period in the previous year, the company earned $4.04 earnings per share. The firm's revenue for the quarter 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, equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors 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 yield of 0.8%. S&P Global's payout ratio 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.

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