Financial Insights Inc. Takes Position in S&P Global Inc. $SPGI

Financial Insights Inc. bought a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the 2nd quarter, Holdings Channel reports. The fund bought 434 shares of the business services provider’s stock, valued at approximately $229,000.

Several other large investors also recently modified their holdings of the business. Stegent Equity Advisors Inc. grew its stake in shares of S&P Global by 3.1% during the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock valued at $335,000 after acquiring an additional 20 shares in the last quarter. Foster Dykema Cabot & Partners LLC lifted its position in shares of S&P Global by 0.7% during the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock worth $1,453,000 after purchasing an additional 20 shares during the last quarter. Foster Group Inc. lifted its position in shares of S&P Global by 0.9% during the second quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock worth $1,180,000 after purchasing an additional 20 shares during the last quarter. Quent Capital LLC lifted its position in shares of S&P Global by 1.9% during the second quarter. Quent Capital LLC now owns 1,082 shares of the business services provider’s stock worth $571,000 after purchasing an additional 20 shares during the last quarter. Finally, Integrated Investment Consultants LLC lifted its position in shares of S&P Global by 2.8% during the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock worth $387,000 after purchasing an additional 21 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SPGI. JPMorgan Chase & Co. increased their price target on shares of S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Wells Fargo & Company increased their price target on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Citigroup increased their price target on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research report on Wednesday. Finally, BMO Capital Markets increased their price objective on shares of S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $614.46.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $479.88 on Friday. The firm’s 50 day moving average is $535.36 and its two-hundred day moving average is $515.03. 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 $146.51 billion, a P/E ratio of 36.91, a PEG ratio of 2.56 and a beta of 1.19. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

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

S&P Global Announces Dividend

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