WBI Investments LLC Has $642,000 Stake in S&P Global Inc. $SPGI

Key Points

• WBI Investments LLC has reduced its stake in S&P Global Inc. by 65.1% in the first quarter, now holding shares worth $642,000 after selling 2,360 shares.
• S&P Global reported earnings per share of $4.43 for the last quarter, exceeding estimates of $4.18, along with a revenue of $3.76 billion, which was above the forecast of $3.65 billion.
• The company declared a quarterly dividend of $0.96, reflecting an annualized payout of $3.84 with a dividend yield of 0.7%.

WBI Investments LLC decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 65.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,263 shares of the business services provider's stock after selling 2,360 shares during the quarter. WBI Investments LLC's holdings in S&P Global were worth $642,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SPGI. Nuveen LLC acquired a new stake in shares of S&P Global during the 1st quarter worth approximately $1,103,665,000. GAMMA Investing LLC boosted its stake in S&P Global by 60,982.3% during the 1st quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock worth $1,086,877,000 after acquiring an additional 2,135,599 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in S&P Global by 70.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider's stock worth $826,819,000 after acquiring an additional 670,392 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in S&P Global by 26.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider's stock worth $1,497,493,000 after acquiring an additional 614,809 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in S&P Global during the 4th quarter worth approximately $238,503,000. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Performance

Shares of SPGI opened at $540.01 on Thursday. 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 Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The firm's 50 day moving average price is $542.23 and its two-hundred day moving average price is $514.99. The firm has a market cap of $164.86 billion, a P/E ratio of 41.54, a PEG ratio of 2.93 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating analysts' consensus estimates of $4.18 by $0.25. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business's revenue was up 5.8% on a year-over-year basis. During the same quarter 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. On average, analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th were given 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 of this dividend was Tuesday, August 26th. S&P Global's payout ratio is currently 29.54%.

Analysts Set New Price Targets

SPGI has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price objective on shares of S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Argus raised shares of S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. lifted their price objective on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. BMO Capital Markets lifted their price objective on shares of S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Finally, Morgan Stanley lifted their price target on shares of S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $611.69.

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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