Virtus Advisers LLC Has $279,000 Stake in S&P Global Inc. $SPGI

Virtus Advisers LLC lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 76.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 550 shares of the business services provider’s stock after selling 1,812 shares during the quarter. Virtus Advisers LLC’s holdings in S&P Global were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Graham Capital Management L.P. acquired a new stake in shares of S&P Global during the 4th quarter worth approximately $14,040,000. GAMMA Investing LLC grew its holdings in shares of S&P Global by 20.2% during the 1st quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider’s stock worth $2,139,000 after purchasing an additional 708 shares in the last quarter. E Fund Management Co. Ltd. grew its holdings in shares of S&P Global by 59.7% during the 1st quarter. E Fund Management Co. Ltd. now owns 2,909 shares of the business services provider’s stock worth $1,478,000 after purchasing an additional 1,088 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of S&P Global by 1.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider’s stock worth $44,102,000 after purchasing an additional 1,166 shares in the last quarter. Finally, Alaethes Wealth LLC acquired a new stake in shares of S&P Global during the 4th quarter worth approximately $2,029,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of SPGI stock opened at $555.93 on Monday. The stock’s fifty day simple moving average is $534.30 and its 200 day simple moving average is $513.75. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The firm has a market cap of $169.73 billion, a price-to-earnings ratio of 42.76, a P/E/G ratio of 2.98 and a beta of 1.19.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data 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. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the previous year, the company posted $4.04 EPS. The business’s revenue for the quarter 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. On average, analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be given a $0.96 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.7%. S&P Global’s payout ratio is presently 29.54%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent research reports. Argus raised S&P Global to a “strong-buy” rating in a report on Friday, May 16th. Morgan Stanley boosted their price target on S&P Global from $595.00 to $615.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. UBS Group boosted their price target on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Barclays boosted their price target on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, BMO Capital Markets boosted their price target on S&P Global from $604.00 to $621.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $611.69.

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.