Motiv8 Investments LLC Buys 242 Shares of S&P Global Inc. $SPGI

Motiv8 Investments LLC lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 10.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,478 shares of the business services provider’s stock after purchasing an additional 242 shares during the period. Motiv8 Investments LLC’s holdings in S&P Global were worth $1,307,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SPGI. Costello Asset Management INC acquired a new position in shares of S&P Global during the first quarter valued at $26,000. Cheviot Value Management LLC bought a new stake in S&P Global during the 1st quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in S&P Global during the 2nd quarter valued at about $26,000. Smallwood Wealth Investment Management LLC acquired a new position in S&P Global during the 1st quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC boosted its stake in shares of 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 purchasing an additional 31 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

NYSE SPGI opened at $479.88 on Monday. 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 stock has a market cap of $146.51 billion, a price-to-earnings ratio of 36.91, a PEG ratio of 2.55 and a beta of 1.19. The business has a 50 day simple moving average of $535.36 and a 200 day simple moving average of $515.15. 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 data 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. The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.04 EPS. 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 fiscal year.

S&P Global Dividend Announcement

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 given a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. S&P Global’s dividend payout ratio is 29.54%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a research note on Saturday, September 27th. Morgan Stanley raised their price target on S&P Global from $595.00 to $615.00 and gave the stock an “overweight” rating in a research 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 research note on Tuesday, July 8th. Oppenheimer raised their target price 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, Citigroup boosted their target price on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $614.46.

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.