2,450 Shares in S&P Global Inc. $SPGI Purchased by Deltec Asset Management LLC

Deltec Asset Management LLC acquired a new position in S&P Global Inc. (NYSE:SPGI) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,450 shares of the business services provider’s stock, valued at approximately $1,292,000.

Several other hedge funds also recently bought and sold shares of SPGI. Costello Asset Management INC acquired a new position in shares of S&P Global during the 1st quarter valued at about $26,000. Cheviot Value Management LLC acquired a new position in shares of S&P Global during the 1st quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of S&P Global during the 2nd quarter valued at about $26,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of S&P Global during the 1st quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after buying an additional 31 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

SPGI opened at $486.45 on Wednesday. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The firm has a market capitalization of $148.51 billion, a PE ratio of 37.42, a PEG ratio of 2.63 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 business’s 50-day simple moving average is $538.44 and its 200 day simple moving average is $515.32.

S&P Global (NYSE:SPGI) last released 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. 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 for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the prior year, the company posted $4.04 earnings per share. S&P Global’s 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, sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio is presently 29.54%.

Analysts Set New Price Targets

SPGI has been the topic of a number of research analyst reports. UBS Group raised their target price on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Wells Fargo & Company lifted their price objective on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. 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. 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. Finally, Oppenheimer raised their target price on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. According to MarketBeat, S&P Global currently has a consensus rating of “Buy” and an average target price 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.