Divergent Planning LLC Buys New Holdings in S&P Global Inc. $SPGI

Key Points

• Divergent Planning LLC has acquired 575 shares of S&P Global Inc., valued at approximately $303,000, marking a significant investment into the business services provider.
• S&P Global reported $4.43 earnings per share (EPS) for the last quarter, exceeding analysts' expectations, with revenues of $3.76 billion which is a 5.8% increase from the previous year.
• Several analysts have raised their price targets for S&P Global, with Morgan Stanley increasing it to $615.00, reflecting a strong positive outlook for the stock.

Divergent Planning LLC acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 575 shares of the business services provider's stock, valued at approximately $303,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SPGI. Cheviot Value Management LLC acquired a new position in shares of S&P Global in the 1st quarter worth approximately $26,000. Costello Asset Management INC acquired a new position in shares of S&P Global in the 1st quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of S&P Global in the 1st quarter worth approximately $28,000. CBIZ Investment Advisory Services LLC grew its stake in shares of 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 worth $31,000 after purchasing an additional 31 shares during the last quarter. Finally, eCIO Inc. acquired a new position in shares of S&P Global in the 1st quarter worth approximately $32,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

Shares of SPGI stock traded down $0.59 during trading hours on Friday, reaching $507.21. 4,147,224 shares of the company's stock were exchanged, compared to its average volume of 1,068,322. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The stock has a market capitalization of $154.85 billion, a P/E ratio of 39.02, a P/E/G ratio of 2.71 and a beta of 1.20. The business has a fifty day moving average price of $542.96 and a 200-day moving average price of $515.20. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $3.65 billion. During the same period in the previous year, the company earned $4.04 earnings per share. The company'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. Analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal 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 $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global's dividend payout ratio is presently 29.54%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. UBS Group lifted 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 note on Tuesday, July 8th. Wells Fargo & Company lifted their price target on S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a research note on Friday. Barclays lifted their price target on S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Citigroup lifted their price target on S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Finally, Oppenheimer lifted their price target on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. One research 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 company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target 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.