Douglass Winthrop Advisors LLC Has $124.38 Million Stock Holdings in S&P Global Inc. $SPGI

Douglass Winthrop Advisors LLC cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 244,796 shares of the business services provider’s stock after selling 5,247 shares during the period. S&P Global comprises approximately 2.4% of Douglass Winthrop Advisors LLC’s investment portfolio, making the stock its 18th biggest position. Douglass Winthrop Advisors LLC’s holdings in S&P Global were worth $124,381,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Minot DeBlois Advisors LLC acquired a new position in S&P Global in the 4th quarter valued at approximately $25,000. Cheviot Value Management LLC bought a new position in shares of S&P Global in the 1st quarter worth about $26,000. Costello Asset Management INC acquired a new position in S&P Global in the first quarter valued at approximately $26,000. Anderson Financial Strategies LLC acquired a new position in shares of S&P Global during the 4th quarter valued at $27,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in shares of S&P Global during the 1st quarter worth about $28,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 0.6%

Shares of NYSE:SPGI opened at $555.93 on Friday. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The firm has a market capitalization of $169.73 billion, a P/E ratio of 42.76, a P/E/G ratio of 2.96 and a beta of 1.19. The stock has a 50 day moving average price of $534.30 and a 200-day moving average price of $513.78. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share 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 business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the prior year, the company earned $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. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SPGI shares. BMO Capital Markets lifted their price target on shares of S&P Global from $604.00 to $621.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Morgan Stanley upped their target price on S&P Global from $595.00 to $615.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Stifel Nicolaus decreased their price objective on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Oppenheimer upped their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Finally, Robert W. Baird cut their target price on S&P Global from $616.00 to $589.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target 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.