Maple Capital Management Inc. Decreases Stake in S&P Global Inc. $SPGI

Maple Capital Management Inc. reduced its position in S&P Global Inc. (NYSE:SPGI) by 0.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,148 shares of the business services provider’s stock after selling 153 shares during the period. S&P Global makes up about 1.7% of Maple Capital Management Inc.’s holdings, making the stock its 23rd biggest holding. Maple Capital Management Inc.’s holdings in S&P Global were worth $21,416,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPGI. Cheviot Value Management LLC bought a new position in shares of S&P Global during the first quarter worth about $26,000. Costello Asset Management INC bought a new position in S&P Global in the first quarter worth about $26,000. Smallwood Wealth Investment Management LLC bought a new position in S&P Global in the first quarter worth about $28,000. CBIZ Investment Advisory Services LLC lifted its holdings 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 last quarter. Finally, eCIO Inc. bought a new position in S&P Global in the first quarter worth about $32,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $551.06 on Friday. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. 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 firm has a market capitalization of $168.24 billion, a P/E ratio of 42.39, a PEG ratio of 2.89 and a beta of 1.20. The firm’s 50 day moving average is $542.63 and its two-hundred day moving average is $515.11.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data 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 net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the business earned $4.04 earnings per share. The business’s revenue for the quarter 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 anticipate 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 disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th were 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 was Tuesday, August 26th. S&P Global’s dividend payout ratio (DPR) is currently 29.54%.

Analyst Ratings Changes

A number of brokerages have issued reports on SPGI. Wells Fargo & Company raised their target price on shares of S&P Global from $632.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Barclays raised their price target on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Argus upgraded shares of S&P Global to a “strong-buy” rating in a research note on Friday, May 16th. Oppenheimer raised their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, S&P Global has a consensus rating of “Buy” and a consensus target price of $611.69.

About S&P Global

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.