Vantage Investment Partners LLC Boosts Position in S&P Global Inc. $SPGI

Key Points

• Vantage Investment Partners LLC increased its stake in S&P Global Inc. by 6.6%, bringing its total shares owned to 14,426 and valuing its holdings at $7.6 million.
• Several research firms have raised their price targets for S&P Global, with analysts currently giving the stock a consensus rating of "Buy" and an average target price of $614.46.
• S&P Global announced a quarterly dividend of $0.96 per share, which represents an annualized dividend yield of 0.8%, set to be paid on December 10th.

Vantage Investment Partners LLC boosted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 6.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,426 shares of the business services provider's stock after buying an additional 899 shares during the quarter. Vantage Investment Partners LLC's holdings in S&P Global were worth $7,607,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cheviot Value Management LLC bought a new stake in S&P Global during the 1st quarter valued at $26,000. Costello Asset Management INC bought a new position in shares of S&P Global during the 1st quarter worth $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of S&P Global in the second quarter valued at about $26,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of S&P Global in the first quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after acquiring an additional 31 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on SPGI. BMO Capital Markets raised their target price on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Barclays lifted their price objective on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. upped 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. Citigroup lifted their price target on S&P Global from $600.00 to $635.00 and gave the company a "buy" rating in a report on Monday, September 15th. Finally, Wells Fargo & Company upped their price objective on S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a research note on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $614.46.

S&P Global Stock Up 0.7%

Shares of SPGI stock opened at $479.88 on Monday. The stock's fifty day moving average price is $535.36 and its 200 day moving average price is $515.15. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a market cap of $146.51 billion, a price-to-earnings ratio of 36.91, a price-to-earnings-growth ratio of 2.55 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.

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 analysts' consensus estimates 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 analysts' expectations of $3.65 billion. During the same period last year, the business posted $4.04 earnings per share. The firm'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, research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global's dividend payout ratio (DPR) is currently 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.

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.