Advisors Capital Management LLC Purchases 186 Shares of S&P Global Inc. $SPGI

Advisors Capital Management LLC boosted its position in S&P Global Inc. (NYSE:SPGI) by 11.7% in the first quarter, Holdings Channel.com reports. The firm owned 1,779 shares of the business services provider’s stock after buying an additional 186 shares during the quarter. Advisors Capital Management LLC’s holdings in S&P Global were worth $904,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SPGI. Nuveen LLC bought a new position in S&P Global in the first quarter worth $1,103,665,000. GAMMA Investing LLC grew its stake in shares of S&P Global by 60,982.3% in the first quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider’s stock worth $1,086,877,000 after acquiring an additional 2,135,599 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of S&P Global by 70.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider’s stock worth $826,819,000 after acquiring an additional 670,392 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of S&P Global by 26.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock worth $1,497,493,000 after acquiring an additional 614,809 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of S&P Global in the fourth quarter worth $238,503,000. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the subject of several research analyst reports. UBS Group lifted their price objective on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Barclays lifted their price objective on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Morgan Stanley lifted their price objective on S&P Global from $595.00 to $615.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Argus upgraded S&P Global to a “strong-buy” rating in a report on Friday, May 16th. Finally, BMO Capital Markets lifted their price objective on S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $611.69.

S&P Global Trading Down 1.0%

Shares of NYSE:SPGI opened at $545.26 on Friday. The stock has a market capitalization of $166.47 billion, a price-to-earnings ratio of 41.94, a PEG ratio of 2.95 and a beta of 1.20. 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’s 50-day simple moving average is $542.91 and its two-hundred day simple moving average is $515.19. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05.

S&P Global (NYSE:SPGI) last announced 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. The business 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 period last year, the firm posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Analysts expect 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 was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th were given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 26th. S&P Global’s dividend payout ratio (DPR) is presently 29.54%.

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.