Vontobel Holding Ltd. Has $96.37 Million Stake in S&P Global Inc. $SPGI

Key Points

• Vontobel Holding Ltd. increased its stake in S&P Global Inc. by 1.1%, now holding 182,769 shares valued at approximately $96.37 million.
• Analyst recommendations for S&P Global are positive, with multiple firms increasing target prices, including Morgan Stanley raising it from $595 to $615 and BMO Capital Markets from $604 to $621.
• S&P Global declared a quarterly dividend of $0.96 per share, set to be paid on December 10th, representing an annualized yield of 0.8%.

Vontobel Holding Ltd. raised its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 182,769 shares of the business services provider's stock after purchasing an additional 1,975 shares during the quarter. Vontobel Holding Ltd. owned 0.06% of S&P Global worth $96,372,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPGI. Valeo Financial Advisors LLC raised its stake in shares of S&P Global by 70,734.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider's stock valued at $1,670,671,000 after purchasing an additional 3,163,938 shares during the period. Nuveen LLC acquired a new stake in shares of S&P Global in the 1st quarter valued at about $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of S&P Global by 70.1% in the 1st 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 during the period. Price T Rowe Associates Inc. MD increased its position in shares of 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 acquiring an additional 614,809 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of 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 acquiring an additional 210,373 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SPGI. Morgan Stanley lifted their target price on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Seaport Res Ptn raised S&P Global to a "strong-buy" rating in a research report on Wednesday, October 1st. BMO Capital Markets lifted their target price on S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of S&P Global in a research report on Wednesday. Finally, Barclays lifted their target price on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $614.46.

S&P Global Trading Up 0.2%

S&P Global stock opened at $482.20 on Thursday. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $147.22 billion, a P/E ratio of 37.09, a PEG ratio of 2.56 and a beta of 1.19. The stock has a 50-day simple moving average of $532.35 and a 200 day simple moving average of $514.56.

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 EPS for the quarter, topping 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 business had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter last year, the company posted $4.04 earnings per share. S&P Global's quarterly revenue was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Analysts expect 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, 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 dividend on an annualized basis and a yield of 0.8%. S&P Global's dividend payout ratio (DPR) 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.

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.