Petrus Trust Company LTA Invests $479,000 in S&P Global Inc. $SPGI

Key Points

• Petrus Trust Company LTA purchased 942 shares of S&P Global Inc. during the 1st quarter, valued at approximately $479,000.
• Several equities research analysts have raised their price targets for S&P Global, with JPMorgan Chase increasing its target from $575 to $625 and Wells Fargo lifting it from $632 to $660.
• S&P Global recently announced a quarterly dividend of $0.96 per share, reflecting an annualized dividend of $3.84 and a yield of 0.7%.

Petrus Trust Company LTA bought a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 942 shares of the business services provider's stock, valued at approximately $479,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPGI. Plotkin Financial Advisors LLC raised its position in shares of S&P Global by 2.5% in the first quarter. Plotkin Financial Advisors LLC now owns 1,009 shares of the business services provider's stock valued at $513,000 after purchasing an additional 25 shares during the period. NewEdge Advisors LLC lifted its position in S&P Global by 9.3% during the first quarter. NewEdge Advisors LLC now owns 19,616 shares of the business services provider's stock worth $9,967,000 after purchasing an additional 1,670 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of S&P Global by 1.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,441 shares of the business services provider's stock worth $20,547,000 after acquiring an additional 659 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of S&P Global by 6.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,603 shares of the business services provider's stock valued at $2,339,000 after purchasing an additional 275 shares in the last quarter. Finally, Gotham Asset Management LLC grew its position in S&P Global by 21.9% in the first quarter. Gotham Asset Management LLC now owns 25,422 shares of the business services provider's stock valued at $12,917,000 after acquiring an additional 4,568 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of recent research reports. Argus raised S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Wells Fargo & Company lifted their target price on shares of S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. BMO Capital Markets raised their price objective 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. Barclays upped 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. Finally, UBS Group raised their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $611.69.

S&P Global Stock Performance

Shares of NYSE SPGI traded up $1.64 during mid-day trading on Tuesday, hitting $547.51. The company had a trading volume of 631,745 shares, compared to its average volume of 1,003,596. The stock's 50-day moving average price is $541.94 and its 200-day moving average price is $514.81. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The company has a market capitalization of $167.16 billion, a price-to-earnings ratio of 42.12, a P/E/G ratio of 2.92 and a beta of 1.20. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

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

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is currently 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.