AA Financial Advisors LLC Purchases Shares of 551 S&P Global Inc. $SPGI

Key Points

• AA Financial Advisors LLC acquired 551 shares of S&P Global Inc. during Q2, valued at approximately $291,000.
• Analyst ratings for S&P Global have shifted positively, with target prices raised by firms like Citigroup and Morgan Stanley, indicating a consensus "Buy" rating with an average price target of $614.46.
• S&P Global reported earnings of $4.43 per share for its latest quarter, surpassing estimates, along with a planned dividend distribution of $0.96 per share set for December.

AA Financial Advisors LLC bought a new position in S&P Global Inc. (NYSE:SPGI - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 551 shares of the business services provider's stock, valued at approximately $291,000.

A number of other hedge funds have also recently modified their holdings of the stock. IFM Investors Pty Ltd raised its holdings in S&P Global by 3.8% in the 2nd quarter. IFM Investors Pty Ltd now owns 60,453 shares of the business services provider's stock worth $31,876,000 after purchasing an additional 2,220 shares during the period. Grove Bank & Trust raised its holdings in S&P Global by 8.1% in the 2nd quarter. Grove Bank & Trust now owns 894 shares of the business services provider's stock worth $471,000 after purchasing an additional 67 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new position in S&P Global in the 2nd quarter worth about $26,000. Legacy Financial Strategies LLC raised its holdings in S&P Global by 0.9% in the 2nd quarter. Legacy Financial Strategies LLC now owns 7,324 shares of the business services provider's stock worth $3,862,000 after purchasing an additional 67 shares during the period. Finally, Trust Point Inc. raised its holdings in S&P Global by 32.7% in the 2nd quarter. Trust Point Inc. now owns 1,818 shares of the business services provider's stock worth $959,000 after purchasing an additional 448 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. UBS Group increased 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. Morgan Stanley increased their target price on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a report on Friday, August 1st. BMO Capital Markets increased their target price on S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a report on Friday, August 1st. JPMorgan Chase & Co. increased their target price on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Finally, Oppenheimer increased their target price on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the stock. According to data from MarketBeat, S&P Global presently has an average rating of "Buy" and a consensus price target of $614.46.

S&P Global Stock Down 1.5%

S&P Global stock traded down $7.82 during midday trading on Tuesday, reaching $497.75. The company's stock had a trading volume of 1,137,868 shares, compared to its average volume of 1,281,728. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. 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 $151.96 billion, a P/E ratio of 38.31, a P/E/G ratio of 2.71 and a beta of 1.20. The business has a 50-day simple moving average of $542.48 and a 200-day simple moving average of $515.27.

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. 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 for the quarter, compared to analysts' expectations of $3.65 billion. During the same period last year, the firm earned $4.04 earnings per share. S&P Global's quarterly 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. On average, research 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global's payout ratio is currently 29.54%.

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.