Tealwood Asset Management Inc. Cuts Stake in S&P Global Inc. $SPGI

Tealwood Asset Management Inc. cut its stake in S&P Global Inc. (NYSE:SPGI) by 2.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,391 shares of the business services provider’s stock after selling 97 shares during the quarter. Tealwood Asset Management Inc.’s holdings in S&P Global were worth $1,788,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Cheviot Value Management LLC purchased a new stake in shares of S&P Global during the first quarter valued at approximately $26,000. Costello Asset Management INC purchased a new stake in shares of S&P Global during the first quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in S&P Global during the 2nd quarter worth $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in S&P Global during the 1st quarter worth $28,000. Finally, CBIZ Investment Advisory Services LLC increased its stake in S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after buying an additional 31 shares during the period. 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 $490.89 on Tuesday. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $149.87 billion, a price-to-earnings ratio of 37.76, a price-to-earnings-growth ratio of 2.61 and a beta of 1.20. The business has a 50 day simple moving average of $539.09 and a 200-day simple moving average of $515.52.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the business earned $4.04 EPS. The business’s quarterly revenue 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. As a group, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently disclosed 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. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio is currently 29.54%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. BMO Capital Markets lifted their target price on S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. 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. 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. Oppenheimer lifted their price objective on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Finally, Barclays lifted their price target on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $614.46.

S&P Global 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.