Beck Mack & Oliver LLC Sells 75 Shares of S&P Global Inc. $SPGI

Beck Mack & Oliver LLC decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 9.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 716 shares of the business services provider’s stock after selling 75 shares during the period. Beck Mack & Oliver LLC’s holdings in S&P Global were worth $364,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Armistice Capital LLC purchased a new position in S&P Global in the first quarter valued at about $511,000. Quarry LP bought a new stake in shares of S&P Global in the 1st quarter valued at about $307,000. Nomura Holdings Inc. grew its position in shares of S&P Global by 6.7% in the 1st quarter. Nomura Holdings Inc. now owns 17,581 shares of the business services provider’s stock worth $8,933,000 after buying an additional 1,100 shares during the last quarter. Saudi Central Bank bought a new position in shares of S&P Global during the 1st quarter worth approximately $64,000. Finally, Benchmark Investment Advisors LLC lifted its position in S&P Global by 362.9% during the first quarter. Benchmark Investment Advisors LLC now owns 2,736 shares of the business services provider’s stock valued at $1,390,000 after acquiring an additional 2,145 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SPGI. Oppenheimer boosted their price target on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Morgan Stanley boosted their target price on shares of S&P Global from $595.00 to $615.00 and gave the stock an “overweight” rating in a research 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 stock an “overweight” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. boosted their price objective on shares of S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Finally, Wells Fargo & Company raised their target price on S&P Global from $632.00 to $660.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $611.69.

S&P Global Stock Performance

Shares of SPGI stock opened at $548.61 on Friday. The stock has a market cap of $167.49 billion, a PE ratio of 42.20, a price-to-earnings-growth ratio of 2.94 and a beta of 1.19. The business has a 50-day simple moving average of $538.99 and a 200-day simple moving average of $514.66. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the company earned $4.04 earnings per share. S&P Global’s revenue for the quarter 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. On average, equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 26th. S&P Global’s payout ratio is currently 29.54%.

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.