S&P Global Inc. $SPGI Shares Sold by Sfm LLC

Sfm LLC trimmed its position in S&P Global Inc. (NYSE:SPGI) by 4.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,567 shares of the business services provider’s stock after selling 66 shares during the quarter. Sfm LLC’s holdings in S&P Global were worth $826,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SPGI. Costello Asset Management INC purchased a new position in S&P Global during the 1st quarter worth approximately $26,000. Cheviot Value Management LLC acquired a new stake in shares of S&P Global in the first quarter worth $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of S&P Global in the second quarter worth $26,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of S&P Global during the first quarter worth $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in S&P Global by 103.3% during the first 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 period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI stock opened at $487.66 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The business’s 50 day moving average is $539.72 and its two-hundred day moving average is $515.24. The company has a market capitalization of $148.88 billion, a P/E ratio of 37.51, a P/E/G ratio of 2.61 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted 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. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations 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 was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders 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 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is 29.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SPGI shares. JPMorgan Chase & Co. increased their price target on S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. UBS Group upped their target price 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. Barclays raised their target price on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. 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 report on Friday, August 1st. Finally, 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. One research analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average 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.