Ninety One North America Inc. Acquires 20,232 Shares of S&P Global Inc. $SPGI

Ninety One North America Inc. raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 41.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,511 shares of the business services provider’s stock after purchasing an additional 20,232 shares during the quarter. S&P Global accounts for approximately 1.8% of Ninety One North America Inc.’s portfolio, making the stock its 22nd largest position. Ninety One North America Inc.’s holdings in S&P Global were worth $36,125,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Stegent Equity Advisors Inc. raised its stake in S&P Global by 3.1% in the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock valued at $335,000 after purchasing an additional 20 shares in the last quarter. Foster Dykema Cabot & Partners LLC raised its stake in S&P Global by 0.7% in the first 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 in the last quarter. Foster Group Inc. raised its stake in S&P Global by 0.9% in the second quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock valued at $1,180,000 after purchasing an additional 20 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in S&P Global by 2.8% in the first 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 in the last quarter. Finally, Hemington Wealth Management raised its stake in S&P Global by 8.0% in the first 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 in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 1.0%

Shares of S&P Global stock opened at $486.45 on Wednesday. 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 Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The stock has a market capitalization of $148.51 billion, a price-to-earnings ratio of 37.42, a P/E/G ratio of 2.63 and a beta of 1.20. The company’s 50 day moving average price is $538.44 and its 200-day moving average price is $515.32.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter last year, the business earned $4.04 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be issued a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is currently 29.54%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SPGI shares. Wells Fargo & Company raised their target price on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. BMO Capital Markets increased 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. JPMorgan Chase & Co. increased their price target on shares of S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Oppenheimer increased their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Finally, Citigroup increased their price target on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $614.46.

About S&P Global

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.