Ninety One UK Ltd Buys 7,553 Shares of S&P Global Inc. $SPGI

Ninety One UK Ltd raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 928,559 shares of the business services provider’s stock after acquiring an additional 7,553 shares during the period. S&P Global makes up approximately 1.1% of Ninety One UK Ltd’s investment portfolio, making the stock its 26th largest position. Ninety One UK Ltd’s holdings in S&P Global were worth $489,620,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SPGI. Cheviot Value Management LLC acquired a new position in S&P Global in the 1st quarter valued at $26,000. Costello Asset Management INC bought a new stake in shares of S&P Global in the first quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of S&P Global in the second quarter valued at about $26,000. Smallwood Wealth Investment Management LLC bought a new position in S&P Global during the first quarter worth about $28,000. Finally, CBIZ Investment Advisory Services LLC increased its position in 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 worth $31,000 after acquiring an additional 31 shares during the period. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Barclays increased their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Oppenheimer increased their price target on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. lifted their price objective on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a report on Monday, July 21st. UBS Group upped their target price 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. Finally, Citigroup raised their price target on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $614.46.

S&P Global Price Performance

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 P/E ratio of 37.42, a price-to-earnings-growth ratio of 2.63 and a beta of 1.20. The stock has a fifty day moving average of $538.44 and a 200-day moving average of $515.32.

S&P Global (NYSE:SPGI) last released its earnings results 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 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 business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend 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 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.