663 Shares in S&P Global Inc. $SPGI Acquired by Community Financial Services Group LLC

Key Points

• Community Financial Services Group LLC acquired 663 shares of S&P Global Inc., valued at approximately $350,000, during the second quarter, highlighting ongoing interest in the stock by institutional investors.
• Several major firms have raised their price targets for S&P Global, with Barclays adjusting it from $610 to $620 and Morgan Stanley increasing theirs from $595 to $615, reflecting optimistic sentiments.
• S&P Global recently reported earnings of $4.43 per share, exceeding estimates, and announced a quarterly dividend of $0.96 per share, reinforcing its commitment to returning value to shareholders.

Community Financial Services Group LLC purchased a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 663 shares of the business services provider's stock, valued at approximately $350,000.

A number of other large investors have also bought and sold shares of SPGI. Nuveen LLC bought a new stake in S&P Global during 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% during 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 acquiring an additional 670,392 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in S&P Global by 26.4% during 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 acquiring an additional 614,809 shares during the last quarter. Alliancebernstein L.P. grew its position in S&P Global by 37.9% during the 1st quarter. Alliancebernstein L.P. now owns 766,154 shares of the business services provider's stock worth $389,283,000 after acquiring an additional 210,373 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in S&P Global by 667.7% during the 1st quarter. Jones Financial Companies Lllp now owns 237,051 shares of the business services provider's stock worth $131,181,000 after buying an additional 206,174 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SPGI. Barclays upped 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. Morgan Stanley upped 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. UBS Group upped their price objective on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. BMO Capital Markets upped their price objective on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. upped their price objective on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $614.46.

S&P Global Stock Performance

SPGI stock opened at $481.84 on Thursday. The business's fifty day moving average is $537.56 and its 200-day moving average is $515.09. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The company has a market cap of $147.11 billion, a P/E ratio of 37.06, a price-to-earnings-growth ratio of 2.61 and a beta of 1.19. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating analysts' consensus estimates of $4.18 by $0.25. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently disclosed 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. 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 (DPR) is presently 29.54%.

S&P Global Company 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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