Norden Group LLC Buys 242 Shares of S&P Global Inc. $SPGI

Norden Group LLC raised its stake in S&P Global Inc. (NYSE:SPGI) by 24.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,232 shares of the business services provider’s stock after purchasing an additional 242 shares during the quarter. Norden Group LLC’s holdings in S&P Global were worth $649,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SPGI. Divergent Planning LLC acquired a new stake in S&P Global in the second quarter valued at $303,000. Dynamic Advisor Solutions LLC lifted its stake in S&P Global by 6.3% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock valued at $6,568,000 after purchasing an additional 733 shares during the last quarter. SCS Capital Management LLC bought a new position in S&P Global during the first quarter worth about $240,000. Caxton Associates LLP acquired a new position in S&P Global during the first quarter worth approximately $386,000. Finally, Pallas Capital Advisors LLC raised its stake in S&P Global by 127.9% in the second quarter. Pallas Capital Advisors LLC now owns 1,912 shares of the business services provider’s stock valued at $1,008,000 after buying an additional 1,073 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $484.79 on Friday. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company’s 50 day moving average price is $540.46 and its two-hundred day moving average price is $514.94. The firm has a market cap of $148.01 billion, a PE ratio of 37.29, a PEG ratio of 2.63 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 issued its quarterly earnings results 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 business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the previous year, the company posted $4.04 earnings per share. The firm’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. Equities research analysts predict 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, December 10th. Investors of record on Tuesday, November 25th will be given 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 (DPR) is presently 29.54%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SPGI shares. Morgan Stanley lifted their target price on S&P Global from $595.00 to $615.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Barclays lifted 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 report on Thursday, July 31st. Oppenheimer increased their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Wells Fargo & Company lifted their target price on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Finally, Citigroup increased their price target on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $614.46.

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.