IFM Investors Pty Ltd Reduces Holdings in S&P Global Inc. $SPGI

IFM Investors Pty Ltd decreased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 58,233 shares of the business services provider’s stock after selling 398 shares during the period. IFM Investors Pty Ltd’s holdings in S&P Global were worth $29,588,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Stegent Equity Advisors Inc. boosted its stake in shares of S&P Global by 3.1% in the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock worth $335,000 after buying an additional 20 shares during the last quarter. Foster Dykema Cabot & Partners LLC boosted its stake in shares of S&P Global by 0.7% in the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock worth $1,453,000 after buying an additional 20 shares during the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of S&P Global by 2.8% in the 1st quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock worth $387,000 after buying an additional 21 shares during the last quarter. Hemington Wealth Management boosted its stake in shares of S&P Global by 8.0% in the 1st quarter. Hemington Wealth Management now owns 284 shares of the business services provider’s stock worth $144,000 after buying an additional 21 shares during the last quarter. Finally, Retirement Planning Group LLC boosted its stake in shares of S&P Global by 0.4% in the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider’s stock worth $2,870,000 after buying an additional 22 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Up 0.3%

Shares of SPGI stock opened at $547.51 on Wednesday. S&P Global Inc. has a 12-month low of $427.14 and a 12-month 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 stock’s 50-day moving average price is $541.94 and its 200-day moving average price is $514.81. The stock has a market capitalization of $167.16 billion, a price-to-earnings ratio of 42.12, a price-to-earnings-growth ratio of 2.92 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (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 analysts’ expectations of $3.65 billion. During the same period in the previous year, the firm posted $4.04 earnings per share. The business’s 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. Equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SPGI. 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. 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. UBS Group lifted their target price on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Argus upgraded S&P Global to a “strong-buy” rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. lifted their target price 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. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target 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.