Accelerate Investment Advisors LLC Sells 71 Shares of S&P Global Inc. $SPGI

Accelerate Investment Advisors LLC decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 8.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 807 shares of the business services provider’s stock after selling 71 shares during the quarter. Accelerate Investment Advisors LLC’s holdings in S&P Global were worth $426,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SPGI. Cheviot Value Management LLC purchased a new position in shares of S&P Global during the first quarter worth about $26,000. Costello Asset Management INC purchased a new position in shares of S&P Global during the first quarter worth about $26,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of S&P Global during the first quarter worth about $28,000. 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 purchasing an additional 31 shares in the last quarter. Finally, eCIO Inc. bought a new stake in S&P Global in the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI stock opened at $545.26 on Friday. The stock has a fifty day moving average of $542.91 and a 200 day moving average of $515.09. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The firm has a market capitalization of $166.47 billion, a price-to-earnings ratio of 41.94, a PEG ratio of 2.95 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 announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating the consensus estimate of $4.18 by $0.25. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, research analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.7%. S&P Global’s dividend payout ratio (DPR) is currently 29.54%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SPGI. Morgan Stanley boosted their target price on S&P Global from $595.00 to $615.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. 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. BMO Capital Markets boosted their price objective on S&P Global from $604.00 to $621.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. UBS Group increased their price objective on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Finally, JPMorgan Chase & Co. increased their price objective on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $611.69.

S&P Global Company 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.