Gotham Asset Management LLC Acquires 4,568 Shares of S&P Global Inc. $SPGI

Gotham Asset Management LLC raised its holdings in S&P Global Inc. (NYSE:SPGI) by 21.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,422 shares of the business services provider’s stock after buying an additional 4,568 shares during the quarter. Gotham Asset Management LLC’s holdings in S&P Global were worth $12,917,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SPGI. Minot DeBlois Advisors LLC bought a new stake in shares of S&P Global in the 4th quarter worth approximately $25,000. Cheviot Value Management LLC bought a new stake in shares of S&P Global during the first quarter valued at approximately $26,000. Costello Asset Management INC bought a new stake in shares of S&P Global during the first quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of S&P Global during the first quarter valued at approximately $28,000. Finally, CBIZ Investment Advisory Services LLC boosted its position in shares of S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 31 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Down 0.5%

Shares of NYSE:SPGI opened at $537.61 on Friday. The stock has a fifty day simple moving average of $541.21 and a two-hundred day simple moving average of $514.64. The stock has a market capitalization of $164.13 billion, a price-to-earnings ratio of 41.35, a PEG ratio of 2.88 and a beta of 1.20. 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.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.25. The business had revenue of $3.76 billion during 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 firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business 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 dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.7%. S&P Global’s payout ratio is presently 29.54%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SPGI. BMO Capital Markets lifted their price target 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. Oppenheimer lifted their price target on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Barclays lifted their price target 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. Argus upgraded S&P Global to a “strong-buy” rating in a research report on Friday, May 16th. Finally, UBS Group lifted their price target 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. One 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’s stock. According to MarketBeat.com, S&P Global presently has a consensus rating of “Buy” and a consensus 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.