2,450 Shares in S&P Global Inc. $SPGI Purchased by Deltec Asset Management LLC

Key Points

• Deltec Asset Management LLC has acquired 2,450 shares of S&P Global Inc., valued at approximately $1,292,000, as revealed in its recent Form 13F filing.
• S&P Global reported earnings of $4.43 EPS in its latest quarterly results, exceeding analyst estimates, with a year-over-year revenue increase of 5.8%.
• The company announced a quarterly dividend of $0.96 per share, representing an annualized yield of 0.8%, with the ex-dividend date set for November 25th.

Deltec Asset Management LLC acquired a new position in S&P Global Inc. (NYSE:SPGI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,450 shares of the business services provider's stock, valued at approximately $1,292,000.

Several other hedge funds also recently bought and sold shares of SPGI. Costello Asset Management INC acquired a new position in shares of S&P Global during the 1st quarter valued at about $26,000. Cheviot Value Management LLC acquired a new position in shares of S&P Global during the 1st quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of S&P Global during the 2nd quarter valued at about $26,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of S&P Global during the 1st quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock valued at $31,000 after buying an additional 31 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

SPGI opened at $486.45 on Wednesday. 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 $148.51 billion, a PE ratio of 37.42, a PEG ratio of 2.63 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The business's 50-day simple moving average is $538.44 and its 200 day simple moving average is $515.32.

S&P Global (NYSE:SPGI - Get Free Report) 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. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the prior year, the company posted $4.04 earnings per share. S&P Global's revenue was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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

Analysts Set New Price Targets

SPGI has been the topic of a number of research analyst reports. UBS Group raised their target price on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Wells Fargo & Company lifted their price objective on S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a report on Friday, September 19th. Morgan Stanley lifted their price objective on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Barclays lifted their price objective on S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, Oppenheimer raised their target price on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. According to MarketBeat, S&P Global currently has a consensus rating of "Buy" and an average target price of $614.46.

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.

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