S&P Global Inc. $SPGI Shares Purchased by Byrne Asset Management LLC

Byrne Asset Management LLC boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 14.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 746 shares of the business services provider’s stock after buying an additional 92 shares during the quarter. Byrne Asset Management LLC’s holdings in S&P Global were worth $393,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SPGI. Cheviot Value Management LLC acquired a new position in S&P Global in the first quarter worth approximately $26,000. Costello Asset Management INC acquired a new position in S&P Global in the 1st quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new position in S&P Global in the 1st quarter worth approximately $28,000. CBIZ Investment Advisory Services LLC boosted its stake in 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 worth $31,000 after purchasing an additional 31 shares during the period. Finally, eCIO Inc. acquired a new position in S&P Global in the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Down 0.1%

Shares of NYSE:SPGI opened at $543.51 on Tuesday. The firm has a fifty day moving average of $543.18 and a two-hundred day moving average of $515.09. The firm has a market capitalization of $165.93 billion, a P/E ratio of 41.81, a price-to-earnings-growth ratio of 2.91 and a beta of 1.20. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. 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 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 net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the business earned $4.04 EPS. S&P Global’s quarterly revenue 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, equities 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 was paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th were paid 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 was Tuesday, August 26th. S&P Global’s payout ratio is presently 29.54%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. UBS Group raised their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Barclays raised their price objective on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Morgan Stanley raised their price objective on shares of S&P Global from $595.00 to $615.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Citigroup lifted their target price on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research note on Monday. Finally, Wells Fargo & Company lifted their target price on shares of S&P Global from $632.00 to $660.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, S&P Global currently has an average rating of “Buy” and an average price target of $614.38.

S&P Global Company 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.