SOA Wealth Advisors LLC. Sells 462 Shares of S&P Global Inc. $SPGI

SOA Wealth Advisors LLC. reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,210 shares of the business services provider’s stock after selling 462 shares during the period. SOA Wealth Advisors LLC.’s holdings in S&P Global were worth $8,020,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Deltec Asset Management LLC bought a new position in shares of S&P Global during the second quarter valued at about $1,292,000. Trust Co. of Vermont raised its position in S&P Global by 0.4% in the second quarter. Trust Co. of Vermont now owns 6,161 shares of the business services provider’s stock worth $3,249,000 after acquiring an additional 22 shares during the period. Forbes J M & Co. LLP raised its position in S&P Global by 6.5% in the second quarter. Forbes J M & Co. LLP now owns 606 shares of the business services provider’s stock worth $320,000 after acquiring an additional 37 shares during the period. Ninety One North America Inc. raised its position in S&P Global by 41.9% in the second quarter. Ninety One North America Inc. now owns 68,511 shares of the business services provider’s stock worth $36,125,000 after acquiring an additional 20,232 shares during the period. Finally, Ninety One SA PTY Ltd raised its position in S&P Global by 1.1% in the second quarter. Ninety One SA PTY Ltd now owns 11,451 shares of the business services provider’s stock worth $5,982,000 after acquiring an additional 121 shares during the period. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SPGI has been the topic of several research reports. Oppenheimer lifted their price objective on shares of S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. UBS Group lifted 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 report on Tuesday, July 8th. Morgan Stanley lifted 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 report on Friday, August 1st. Citigroup lifted their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Finally, BMO Capital Markets lifted their target price on shares of S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $614.46.

S&P Global Price Performance

SPGI stock opened at $486.45 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The stock has a market cap of $148.51 billion, a PE ratio of 37.42, a P/E/G ratio of 2.63 and a beta of 1.20. The firm has a 50 day simple moving average of $538.44 and a two-hundred day simple moving average of $515.32.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.25. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, analysts predict 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 will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s payout ratio is presently 29.54%.

S&P Global 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.