Shell Asset Management Co. Purchases 7,435 Shares of S&P Global Inc. $SPGI

Shell Asset Management Co. lifted its stake in S&P Global Inc. (NYSE:SPGI) by 31.4% in the second quarter, Holdings Channel.com reports. The fund owned 31,143 shares of the business services provider’s stock after purchasing an additional 7,435 shares during the period. S&P Global makes up approximately 0.6% of Shell Asset Management Co.’s portfolio, making the stock its 24th biggest position. Shell Asset Management Co.’s holdings in S&P Global were worth $16,421,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Divergent Planning LLC bought a new stake in S&P Global during the second quarter valued at $303,000. Dynamic Advisor Solutions LLC boosted its stake in S&P Global by 6.3% during the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock valued at $6,568,000 after buying an additional 733 shares during the period. SCS Capital Management LLC purchased a new stake in S&P Global during the first quarter valued at about $240,000. Foster Victor Wealth Advisors LLC raised its holdings in shares of S&P Global by 4.6% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider’s stock valued at $16,562,000 after buying an additional 1,383 shares in the last quarter. Finally, Caxton Associates LLP purchased a new position in shares of S&P Global in the first quarter worth about $386,000. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. 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. UBS Group upped their target price on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Wells Fargo & Company boosted 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. Finally, Oppenheimer upped their price objective on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $614.46.

S&P Global Stock Performance

S&P Global stock opened at $478.28 on Tuesday. The company’s 50-day moving average is $534.32 and its 200 day moving average is $515.02. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The firm has a market capitalization of $146.02 billion, a P/E ratio of 36.79, a price-to-earnings-growth ratio of 2.55 and a beta of 1.19.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.25. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. S&P Global’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a dividend of $0.96 per share. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. S&P Global’s payout ratio is currently 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.