Fulton Breakefield Broenniman LLC Sells 287 Shares of S&P Global Inc. $SPGI

Fulton Breakefield Broenniman LLC cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,953 shares of the business services provider’s stock after selling 287 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in S&P Global were worth $13,157,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Stegent Equity Advisors Inc. grew its position in shares of S&P Global by 3.1% in the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock valued at $335,000 after purchasing an additional 20 shares during the period. Foster Dykema Cabot & Partners LLC boosted its position in 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 acquiring an additional 20 shares during the last quarter. Foster Group Inc. boosted its position in 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 acquiring an additional 20 shares during the last quarter. Quent Capital LLC boosted its position in 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 acquiring an additional 20 shares during the last quarter. Finally, Integrated Investment Consultants LLC boosted its position in 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 acquiring an additional 21 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SPGI shares. Barclays boosted 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 report on Thursday, July 31st. Wells Fargo & Company boosted 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. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. boosted 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $614.46.

S&P Global Stock Performance

NYSE:SPGI opened at $482.20 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $147.22 billion, a price-to-earnings ratio of 37.09, a PEG ratio of 2.56 and a beta of 1.19. The company’s 50-day moving average is $532.35 and its two-hundred day moving average is $514.56. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05.

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

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid a $0.96 dividend. 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 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.