S&P Global Inc. $SPGI Shares Acquired by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in S&P Global Inc. (NYSE:SPGI) by 11.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,758 shares of the business services provider’s stock after purchasing an additional 473 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in S&P Global were worth $2,509,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of SPGI. Cheviot Value Management LLC acquired a new position in S&P Global during the 1st quarter worth about $26,000. Costello Asset Management INC acquired a new position 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 worth about $26,000. Smallwood Wealth Investment Management LLC acquired a new position in S&P Global during the 1st quarter worth about $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after acquiring an additional 31 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research report on Wednesday. Morgan Stanley increased their price target on S&P Global from $595.00 to $615.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. UBS Group increased their price target on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Finally, Oppenheimer increased their price target on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Two 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, the stock has a consensus rating of “Buy” and an average target price of $614.46.

S&P Global Trading Up 0.7%

SPGI opened at $479.88 on Friday. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The company has a market cap of $146.51 billion, a P/E ratio of 36.91, a PEG ratio of 2.55 and a beta of 1.19. 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 $535.36 and its 200-day simple moving average is $514.89.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $3.65 billion. During the same quarter in the prior year, the business posted $4.04 EPS. The business’s revenue for the quarter 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, equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed 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 is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global’s dividend payout ratio is presently 29.54%.

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.