Ascent Group LLC Boosts Stock Position in S&P Global Inc. $SPGI

Ascent Group LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.4% in the second quarter, Holdings Channel.com reports. The fund owned 9,051 shares of the business services provider’s stock after acquiring an additional 40 shares during the quarter. Ascent Group LLC’s holdings in S&P Global were worth $4,772,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SPGI. Brighton Jones LLC boosted its holdings in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after acquiring an additional 143 shares during the period. Lake Street Private Wealth LLC lifted its holdings in shares of S&P Global by 12.1% in the 1st quarter. Lake Street Private Wealth LLC now owns 463 shares of the business services provider’s stock worth $235,000 after buying an additional 50 shares during the period. Breakwater Capital Group purchased a new stake in shares of S&P Global in the 1st quarter worth $317,000. Foster Group Inc. lifted its holdings in shares of S&P Global by 3.9% in the 1st quarter. Foster Group Inc. now owns 2,217 shares of the business services provider’s stock worth $1,126,000 after buying an additional 83 shares during the period. Finally, Generali Investments Management Co LLC lifted its holdings in shares of S&P Global by 4.9% in the 1st quarter. Generali Investments Management Co LLC now owns 1,271 shares of the business services provider’s stock worth $646,000 after buying an additional 59 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SPGI shares. Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a report on Saturday, September 27th. Morgan Stanley upped their target price on S&P Global from $595.00 to $615.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a report on Wednesday. UBS Group upped their target price on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Finally, BMO Capital Markets upped their target price on S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Buy” and an average target price of $614.46.

S&P Global Trading Up 0.7%

Shares of NYSE:SPGI opened at $479.88 on Friday. The business’s 50-day moving average is $535.36 and its 200 day moving average is $514.89. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The firm has a market capitalization of $146.51 billion, a P/E ratio of 36.91, a P/E/G ratio of 2.55 and a beta of 1.19. 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 announced its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.25. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the company posted $4.04 EPS. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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