1,484 Shares in S&P Global Inc. $SPGI Bought by Lee Johnson Capital Management LLC

Lee Johnson Capital Management LLC purchased a new position in S&P Global Inc. (NYSE:SPGI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,484 shares of the business services provider’s stock, valued at approximately $782,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPGI. Cheviot Value Management LLC purchased a new stake in S&P Global in the 1st quarter worth $26,000. Costello Asset Management INC purchased a new stake in S&P Global in the 1st quarter worth $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in S&P Global in the 2nd quarter worth $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of S&P Global during the first quarter worth $28,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in shares of 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 worth $31,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SPGI shares. Wells Fargo & Company upped 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. JPMorgan Chase & Co. upped their target price on shares of S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Oppenheimer upped their target price on shares of S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Citigroup upped their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Finally, Morgan Stanley upped their target price on shares of S&P Global from $595.00 to $615.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $614.46.

S&P Global Trading Up 0.8%

Shares of SPGI stock opened at $490.89 on Tuesday. The company’s 50-day moving average price is $539.09 and its 200-day moving average price is $515.52. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The stock has a market cap of $149.87 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 2.61 and a beta of 1.20. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.25. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter 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. As a group, equities analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s payout ratio is presently 29.54%.

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.