US Bancorp DE Trims Holdings in S&P Global Inc. $SPGI

US Bancorp DE reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 255,768 shares of the business services provider’s stock after selling 5,669 shares during the quarter. US Bancorp DE’s holdings in S&P Global were worth $134,864,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Columbus Macro LLC boosted its stake in shares of S&P Global by 7.3% during the 2nd quarter. Columbus Macro LLC now owns 11,232 shares of the business services provider’s stock valued at $5,923,000 after buying an additional 762 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in shares of S&P Global by 1.1% during the 2nd quarter. Vontobel Holding Ltd. now owns 182,769 shares of the business services provider’s stock valued at $96,372,000 after buying an additional 1,975 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in shares of S&P Global by 2.0% during the 2nd quarter. Maryland State Retirement & Pension System now owns 14,924 shares of the business services provider’s stock valued at $7,869,000 after buying an additional 289 shares during the last quarter. Optas LLC boosted its stake in shares of S&P Global by 3.4% during the 2nd quarter. Optas LLC now owns 934 shares of the business services provider’s stock valued at $492,000 after buying an additional 31 shares during the last quarter. Finally, Valmark Advisers Inc. boosted its stake in shares of S&P Global by 6.9% during the 2nd quarter. Valmark Advisers Inc. now owns 602 shares of the business services provider’s stock valued at $317,000 after buying an additional 39 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Price Performance

Shares of NYSE SPGI opened at $482.20 on Thursday. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The business’s fifty day moving average price is $532.35 and its two-hundred day moving average price is $514.56. The firm has a market capitalization of $147.22 billion, a PE ratio of 37.09, a P/E/G ratio of 2.56 and a beta of 1.19.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.25. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the company earned $4.04 earnings per share. The firm’s revenue for the quarter 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. On average, research analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

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

Wall Street Analyst Weigh In

SPGI has been the subject of several research analyst reports. Barclays increased their target price 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. Citigroup upped their price target on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Oppenheimer upped their price target on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. BMO Capital Markets upped their price target on S&P Global from $604.00 to $621.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to MarketBeat.com, S&P Global currently has a consensus rating of “Buy” and a consensus price target of $614.46.

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.