Van Lanschot Kempen Investment Management N.V. Has $41.56 Million Position in S&P Global Inc. $SPGI

Key Points

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Van Lanschot Kempen Investment Management N.V. reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 29.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,791 shares of the business services provider's stock after selling 34,814 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in S&P Global were worth $41,558,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SPGI. Minot DeBlois Advisors LLC bought a new position in S&P Global during the 4th quarter valued at about $25,000. Costello Asset Management INC bought a new position in S&P Global during the 1st quarter valued at about $26,000. Cheviot Value Management LLC bought a new position in S&P Global during the 1st quarter valued at about $26,000. Anderson Financial Strategies LLC bought a new position in S&P Global during the 4th quarter valued at about $27,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in S&P Global during the 1st quarter valued at about $28,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPGI has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price target 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. BMO Capital Markets lifted their price target 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. Stifel Nicolaus dropped their target price on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. UBS Group boosted their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, Argus raised shares of S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $611.69.

S&P Global Trading Up 0.6%

Shares of SPGI traded up $3.49 on Friday, reaching $555.93. 1,060,179 shares of the company's stock were exchanged, compared to its average volume of 1,224,779. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $169.73 billion, a P/E ratio of 42.76, a price-to-earnings-growth ratio of 2.96 and a beta of 1.19. The business has a 50 day moving average price of $534.30 and a two-hundred day moving average price of $513.78. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, topping analysts' consensus estimates of $4.18 by $0.25. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. S&P Global's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be 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 of this dividend is Tuesday, August 26th. 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.