S&P Global Inc. $SPGI Shares Purchased by City Holding Co.

City Holding Co. raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,716 shares of the business services provider’s stock after acquiring an additional 47 shares during the period. City Holding Co.’s holdings in S&P Global were worth $1,432,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of S&P Global by 0.4% during the first quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider’s stock worth $15,130,711,000 after purchasing an additional 108,729 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of S&P Global by 3.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider’s stock worth $1,618,934,000 after buying an additional 114,843 shares during the period. Price T Rowe Associates Inc. MD raised its position in 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 purchasing an additional 614,809 shares during the period. Goldman Sachs Group Inc. raised its position in S&P Global by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider’s stock valued at $1,403,468,000 after purchasing an additional 97,324 shares during the period. Finally, Nuveen LLC purchased a new position in S&P Global in the first quarter valued at about $1,103,665,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

NYSE:SPGI opened at $487.66 on Friday. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The firm has a 50 day moving average of $539.72 and a 200-day moving average of $515.24. 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 stock has a market capitalization of $148.88 billion, a P/E ratio of 37.51, a price-to-earnings-growth ratio of 2.61 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its 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 net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the business earned $4.04 EPS. The business’s quarterly 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. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio is presently 29.54%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SPGI. Barclays lifted their target price on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. UBS Group boosted their price objective on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Oppenheimer upped their target price on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. increased their price objective on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Finally, Morgan Stanley upped their price target on shares of S&P Global from $595.00 to $615.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Buy” and an average price target of $614.46.

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.