S&P Global Inc. $SPGI Stock Holdings Decreased by Virtus Advisers LLC

Key Points

• Virtus Advisers LLC has significantly reduced its stake in S&P Global Inc. by 76.7%, holding now 550 shares worth $279,000.
• S&P Global's quarterly earnings report showed an EPS of $4.43, surpassing estimates, with revenue reaching $3.76 billion, up 5.8% from the previous year.
• The company recently announced a quarterly dividend of $0.96 per share, with a yield of 0.7% and a payout ratio of 29.54%.

Virtus Advisers LLC cut its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 76.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 550 shares of the business services provider's stock after selling 1,812 shares during the period. Virtus Advisers LLC's holdings in S&P Global were worth $279,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SPGI. Minot DeBlois Advisors LLC acquired a new position in S&P Global during the 4th quarter worth $25,000. Cheviot Value Management LLC acquired a new position in S&P Global during the 1st quarter worth $26,000. Costello Asset Management INC acquired a new position in S&P Global during the 1st quarter worth $26,000. Anderson Financial Strategies LLC acquired a new position in S&P Global in the fourth quarter worth $27,000. Finally, Smallwood Wealth Investment Management LLC acquired a new position in S&P Global in the first quarter worth $28,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several recent research reports. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Wells Fargo & Company increased their price target on S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. UBS Group boosted their price objective on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Robert W. Baird dropped their target price on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, Oppenheimer boosted their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, S&P Global currently has an average rating of "Buy" and a consensus price target of $611.69.

S&P Global Price Performance

Shares of SPGI stock traded down $2.20 during mid-day trading on Thursday, hitting $547.67. 1,033,463 shares of the stock traded hands, compared to its average volume of 1,257,308. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The firm has a market cap of $167.20 billion, a price-to-earnings ratio of 33.41, a price-to-earnings-growth ratio of 2.94 and a beta of 1.19. The company's 50-day simple moving average is $537.20 and its 200-day simple moving average is $514.49. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.25. The company had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, equities research analysts expect 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. Investors of record on Tuesday, August 26th will be issued a $0.96 dividend. 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 payout ratio is presently 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.