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Institutional investors increased stakes in S&P Global, which reported strong earnings and announced a dividend.
Institutional investors increased their stakes in S&P Global Inc. (SPGI), with Evelyn Partners and Journey Strategic Wealth LLC boosting holdings in the second quarter.
The company reported $2.33 earnings per share and $1.87 billion in revenue for the quarter, with a net margin of 27.30% and a return on equity of 15.11%.
Analysts maintain a "Buy" consensus rating with a target price of $613.00, and S&P Global announced a quarterly dividend of $0.96 per share, payable to shareholders of record on November 25.
The stock trades around $493.50 with a market cap of $149.43 billion and a price-to-earnings ratio of 37.96.
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Los inversores institucionales aumentaron sus participaciones en S&P Global, que reportó ganancias fuertes y anunció un dividendo.