USS Investment Management Ltd Cuts Stock Position in S&P Global Inc. $SPGI

USS Investment Management Ltd cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 489,851 shares of the business services provider’s stock after selling 11,400 shares during the quarter. S&P Global makes up about 1.9% of USS Investment Management Ltd’s portfolio, making the stock its 8th largest position. USS Investment Management Ltd’s holdings in S&P Global were worth $248,974,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of S&P Global by 0.4% during the 1st 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of S&P Global by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider’s stock worth $1,529,653,000 after purchasing an additional 357,790 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of 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 purchasing an additional 614,809 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of S&P Global by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider’s stock worth $1,403,468,000 after purchasing an additional 97,324 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of S&P Global by 11.4% during the 4th quarter. Nuveen Asset Management LLC now owns 2,184,312 shares of the business services provider’s stock worth $1,087,853,000 after purchasing an additional 224,294 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.5%

S&P Global stock opened at $537.61 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 market capitalization of $164.13 billion, a price-to-earnings ratio of 41.35, a price-to-earnings-growth ratio of 2.88 and a beta of 1.20. The firm’s fifty day moving average price is $541.21 and its two-hundred day moving average price is $514.64. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating the consensus estimate of $4.18 by $0.25. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on SPGI. UBS Group increased their price objective on shares of 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 increased their price objective on shares of S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Barclays raised their price objective 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. Morgan Stanley raised their price objective 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. Finally, JPMorgan Chase & Co. raised their price objective 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 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 MarketBeat, the company currently has an average rating of “Buy” and an average target price of $611.69.

S&P Global Company 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.