S&P Global Inc. $SPGI Shares Sold by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co decreased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,961 shares of the business services provider’s stock after selling 387 shares during the period. S&P Global makes up 0.4% of Meiji Yasuda Life Insurance Co’s portfolio, making the stock its 24th biggest position. Meiji Yasuda Life Insurance Co’s holdings in S&P Global were worth $19,288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Stegent Equity Advisors Inc. lifted its position in S&P Global by 3.1% during 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 in the last quarter. Foster Dykema Cabot & Partners LLC lifted its position in S&P Global by 0.7% during the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock valued at $1,453,000 after purchasing an additional 20 shares during the period. Integrated Investment Consultants LLC lifted its position in S&P Global by 2.8% during the 1st quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock valued at $387,000 after purchasing an additional 21 shares during the period. Hemington Wealth Management lifted its position in S&P Global by 8.0% during the 1st quarter. Hemington Wealth Management now owns 284 shares of the business services provider’s stock valued at $144,000 after purchasing an additional 21 shares during the period. Finally, Retirement Planning Group LLC lifted its position in S&P Global by 0.4% during the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider’s stock valued at $2,870,000 after purchasing an additional 22 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. BMO Capital Markets upped their target price 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. Argus upgraded shares of S&P Global to a “strong-buy” rating in a research report on Friday, May 16th. UBS Group upped their target price on shares of S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Barclays upped their price target on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, Oppenheimer lifted 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 note on Wednesday, July 2nd. One equities 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.com, S&P Global presently has an average rating of “Buy” and a consensus price target of $611.69.

S&P Global Price Performance

NYSE SPGI opened at $537.61 on Monday. The business has a 50 day simple moving average of $541.21 and a 200 day simple moving average of $514.49. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap 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 (NYSE:SPGI) last posted its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping 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%.S&P Global’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business earned $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend 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 currently 29.54%.

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.