Realta Investment Advisors Boosts Stock Holdings in S&P Global Inc. $SPGI

Realta Investment Advisors grew its position in shares of S&P Global Inc. (NYSE:SPGI) by 6.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,784 shares of the business services provider’s stock after purchasing an additional 104 shares during the period. Realta Investment Advisors’ holdings in S&P Global were worth $940,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SPGI. Nuveen LLC bought a new stake in S&P Global in the 1st quarter worth approximately $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in S&P Global by 70.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider’s stock worth $826,819,000 after purchasing an additional 670,392 shares during the period. Price T Rowe Associates Inc. MD grew its position in S&P Global by 26.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock worth $1,497,493,000 after purchasing an additional 614,809 shares during the period. Alliancebernstein L.P. grew its position in S&P Global by 37.9% in the 1st quarter. Alliancebernstein L.P. now owns 766,154 shares of the business services provider’s stock worth $389,283,000 after purchasing an additional 210,373 shares during the period. Finally, Jones Financial Companies Lllp grew its position in S&P Global by 667.7% in the 1st quarter. Jones Financial Companies Lllp now owns 237,051 shares of the business services provider’s stock worth $131,181,000 after purchasing an additional 206,174 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.7%

Shares of S&P Global stock opened at $479.88 on Friday. The company’s fifty day simple moving average is $535.36 and its 200-day simple moving average is $515.03. The stock has a market capitalization of $146.51 billion, a PE ratio of 36.91, a P/E/G ratio of 2.56 and a beta of 1.19. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. 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 issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share 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 revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be paid a dividend of $0.96 per share. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global’s payout ratio is 29.54%.

Analyst Ratings Changes

A number of research firms have commented on SPGI. 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 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 report on Monday, September 15th. Barclays lifted their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Wells Fargo & Company lifted their target price on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. Based on 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.