Hamilton Capital LLC Invests $203,000 in S&P Global Inc. $SPGI

Hamilton Capital LLC bought a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the first quarter, Holdings Channel.com reports. The institutional investor bought 400 shares of the business services provider’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Minot DeBlois Advisors LLC acquired a new position in S&P Global during the 4th quarter valued at approximately $25,000. Cheviot Value Management LLC purchased a new position in S&P Global during the first quarter valued at $26,000. Costello Asset Management INC purchased a new position in S&P Global during the first quarter valued at $26,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of S&P Global in the first quarter worth about $28,000. Finally, CBIZ Investment Advisory Services LLC boosted 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 worth $31,000 after acquiring an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group raised 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 company an “overweight” rating in a report on Friday, August 1st. BMO Capital Markets lifted their price target 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. Oppenheimer boosted their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Finally, Argus raised shares of S&P Global to a “strong-buy” rating in a research note on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $611.69.

S&P Global Price Performance

S&P Global stock opened at $537.61 on Monday. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The stock has a market capitalization of $164.13 billion, a P/E ratio of 41.35, a P/E/G ratio of 2.88 and a beta of 1.20. The firm’s 50-day moving average is $541.21 and its two-hundred day moving average is $514.49. 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 (NYSE:SPGI) last released its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.25. The business 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 quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 26th. S&P Global’s payout ratio is 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.