Tealwood Asset Management Inc. Lowers Position in S&P Global Inc. $SPGI

Tealwood Asset Management Inc. lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,391 shares of the business services provider’s stock after selling 97 shares during the quarter. Tealwood Asset Management Inc.’s holdings in S&P Global were worth $1,788,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its stake in shares of S&P Global by 0.4% in the second quarter. Janney Montgomery Scott LLC now owns 85,333 shares of the business services provider’s stock valued at $44,996,000 after buying an additional 369 shares in the last quarter. Invesco LLC purchased a new stake in shares of S&P Global during the 2nd quarter worth $216,000. Wolff Wiese Magana LLC boosted its position in shares of S&P Global by 11.8% during the 2nd quarter. Wolff Wiese Magana LLC now owns 918 shares of the business services provider’s stock worth $484,000 after purchasing an additional 97 shares in the last quarter. Moss Adams Wealth Advisors LLC boosted its position in shares of S&P Global by 12.5% during the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 937 shares of the business services provider’s stock worth $494,000 after purchasing an additional 104 shares in the last quarter. Finally, GC Wealth Management RIA LLC purchased a new stake in shares of S&P Global during the 2nd quarter worth $1,361,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.8%

Shares of SPGI opened at $490.89 on Tuesday. 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 firm has a market capitalization of $149.87 billion, a P/E ratio of 37.76, a price-to-earnings-growth ratio of 2.61 and a beta of 1.20. The stock’s fifty day simple moving average is $539.09 and its 200 day simple moving average is $515.52. 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 released its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.25. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is presently 29.54%.

Analyst Ratings Changes

SPGI has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price objective 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. Oppenheimer boosted 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. BMO Capital Markets boosted their price target on S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Morgan Stanley boosted their price target 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. Finally, Barclays boosted their target price on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the stock. According to data from 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.