Accurate Wealth Management LLC Takes Position in S&P Global Inc. $SPGI

Key Points

• Accurate Wealth Management LLC has acquired a new stake of approximately $2.94 million in S&P Global Inc. (NYSE:SPGI), buying 5,545 shares in the second quarter.
• Several other institutional investors have also increased their positions in S&P Global, with hedge funds owning 87.17% of the company's stock.
• Analysts have raised their price targets for S&P Global, with a consensus target now at $614.46 and a majority rating of "Buy".

Accurate Wealth Management LLC bought a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,545 shares of the business services provider's stock, valued at approximately $2,938,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cheviot Value Management LLC purchased a new stake in S&P Global during the first quarter worth about $26,000. Costello Asset Management INC purchased a new stake in S&P Global during the first quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in S&P Global during the second quarter worth about $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in S&P Global during the first quarter worth about $28,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings in S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after buying an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. 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 report on Friday, August 1st. Oppenheimer raised their price objective on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. UBS Group raised their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Morgan Stanley increased their target price on shares of S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Citigroup increased their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $614.46.

S&P Global Trading Down 1.9%

Shares of S&P Global stock opened at $496.09 on Wednesday. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a market cap of $151.46 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 2.71 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. The company's 50-day moving average price is $541.95 and its 200-day moving average price is $515.14.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the prior year, the firm posted $4.04 earnings per share. The company's revenue for the quarter 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, equities 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders 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 dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global's dividend payout ratio 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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