Schmidt P J Investment Management Inc. Sells 26 Shares of S&P Global Inc. $SPGI

Schmidt P J Investment Management Inc. decreased its position in S&P Global Inc. (NYSE:SPGI) by 1.3% during the first quarter, Holdings Channel reports. The fund owned 2,044 shares of the business services provider’s stock after selling 26 shares during the period. Schmidt P J Investment Management Inc.’s holdings in S&P Global were worth $1,039,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Minot DeBlois Advisors LLC purchased a new stake in S&P Global in the fourth quarter worth about $25,000. Cheviot Value Management LLC purchased a new position in S&P Global during the 1st quarter valued at approximately $26,000. Costello Asset Management INC purchased a new position in S&P Global during the 1st quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC purchased a new position in S&P Global during the 1st quarter valued at approximately $28,000. Finally, CBIZ Investment Advisory Services LLC lifted 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 own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SPGI shares. Morgan Stanley raised their price objective 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 raised their price target 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. JPMorgan Chase & Co. raised their price target 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. Oppenheimer raised their price target on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Finally, Barclays raised their price target on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, S&P Global has a consensus rating of “Buy” and a consensus price target of $611.69.

S&P Global Trading Up 0.3%

SPGI opened at $547.51 on Wednesday. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The stock’s fifty day moving average is $541.94 and its two-hundred day moving average is $514.81. The company has a market capitalization of $167.16 billion, a P/E ratio of 42.12, a PEG ratio of 2.92 and a beta of 1.20. 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 (NYSE:SPGI) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping the consensus estimate of $4.18 by $0.25. The firm had revenue of $3.76 billion during 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 for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company 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 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global’s 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.