Groupe la Francaise Increases Holdings in S&P Global Inc. $SPGI

Groupe la Francaise boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 7.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,168 shares of the business services provider’s stock after purchasing an additional 804 shares during the period. Groupe la Francaise’s holdings in S&P Global were worth $6,189,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SPGI. Minot DeBlois Advisors LLC purchased a new position in shares of S&P Global during the 4th quarter worth approximately $25,000. Cheviot Value Management LLC purchased a new position in shares of S&P Global during the 1st quarter worth approximately $26,000. Costello Asset Management INC purchased a new position in shares of S&P Global during the 1st quarter worth approximately $26,000. Anderson Financial Strategies LLC purchased a new position in shares of S&P Global during the 4th quarter worth approximately $27,000. Finally, Smallwood Wealth Investment Management LLC purchased a new position in shares of S&P Global during the 1st quarter worth approximately $28,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

NYSE SPGI opened at $555.93 on Friday. The business’s fifty day moving average price is $534.30 and its 200-day moving average price is $513.78. The stock has a market capitalization of $169.73 billion, a price-to-earnings ratio of 42.76, a PEG ratio of 2.96 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05.

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

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders 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 dividend payout ratio is 29.54%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wells Fargo & Company boosted their price target on S&P Global from $632.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. BMO Capital Markets boosted their price target on S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. UBS Group boosted their price target 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. Robert W. Baird dropped their price target on S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Finally, Barclays upped their price objective 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. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, S&P Global presently has an average rating of “Buy” and an average price target of $611.69.

S&P Global 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.