Litman Gregory Wealth Management LLC Decreases Holdings in S&P Global Inc. $SPGI

Litman Gregory Wealth Management LLC reduced its stake in S&P Global Inc. (NYSE:SPGI) by 0.8% in the 2nd quarter, Holdings Channel reports. The firm owned 12,846 shares of the business services provider’s stock after selling 101 shares during the quarter. Litman Gregory Wealth Management LLC’s holdings in S&P Global were worth $6,773,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC grew its stake in shares of S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after buying an additional 143 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in S&P Global by 2.1% in the first quarter. SeaCrest Wealth Management LLC now owns 1,132 shares of the business services provider’s stock valued at $575,000 after acquiring an additional 23 shares in the last quarter. Impact Capital Partners LLC grew its position in S&P Global by 5.1% in the first quarter. Impact Capital Partners LLC now owns 677 shares of the business services provider’s stock valued at $344,000 after acquiring an additional 33 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of S&P Global by 4.4% during the first quarter. Sivia Capital Partners LLC now owns 963 shares of the business services provider’s stock valued at $489,000 after purchasing an additional 41 shares during the period. Finally, Orrstown Financial Services Inc. lifted its position in shares of S&P Global by 9.3% during the first quarter. Orrstown Financial Services Inc. now owns 1,431 shares of the business services provider’s stock worth $727,000 after purchasing an additional 122 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SPGI shares. UBS Group raised their price target on shares of S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Oppenheimer lifted 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. Barclays increased their price target on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, Citigroup lifted their price objective on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to MarketBeat.com, S&P Global presently has a consensus rating of “Buy” and a consensus price target of $614.46.

S&P Global Trading Up 0.7%

NYSE:SPGI opened at $479.88 on Monday. The company has a market cap of $146.51 billion, a PE ratio of 36.91, a P/E/G ratio of 2.55 and a beta of 1.19. The business’s 50 day moving average is $535.36 and its two-hundred day moving average is $515.15. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05.

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

S&P Global Announces Dividend

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