Arete Wealth Advisors LLC Increases Stake in S&P Global Inc. $SPGI

Key Points

• Arete Wealth Advisors LLC increased its stake in S&P Global Inc. by 151.1% in Q1, holding 1,316 shares valued at approximately $668,000.
• Several brokerages raised their price targets for S&P Global shares, with JPMorgan setting the highest target at $625.00, indicating a positive outlook for the stock.
• S&P Global reported an EPS of $4.43 for the last quarter, surpassing expectations and setting FY 2025 guidance at 17.000-17.250 EPS.

Arete Wealth Advisors LLC increased its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 151.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,316 shares of the business services provider's stock after buying an additional 792 shares during the period. Arete Wealth Advisors LLC's holdings in S&P Global were worth $668,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Caxton Associates LLP purchased a new stake in S&P Global during the 1st quarter worth approximately $386,000. Signature Estate & Investment Advisors LLC purchased a new stake in shares of S&P Global in the 1st quarter valued at approximately $480,000. Hamilton Capital LLC purchased a new stake in shares of S&P Global in the 1st quarter valued at approximately $203,000. Voleon Capital Management LP increased its position in shares of S&P Global by 6.0% in the 1st quarter. Voleon Capital Management LP now owns 12,850 shares of the business services provider's stock valued at $6,529,000 after purchasing an additional 727 shares during the last quarter. Finally, CTC Alternative Strategies Ltd. purchased a new stake in shares of S&P Global in the 1st quarter valued at approximately $203,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on SPGI. Barclays increased their price objective on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Argus raised shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. BMO Capital Markets increased their price objective on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. UBS Group increased 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 report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. One investment 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. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $611.69.

S&P Global Trading Up 0.3%

Shares of S&P Global stock opened at $547.51 on Wednesday. The company has a fifty day simple moving average of $541.94 and a 200-day simple moving average of $514.81. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. 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 stock has a market cap of $167.16 billion, a price-to-earnings ratio of 42.12, a PEG ratio of 2.92 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter in the prior year, the business posted $4.04 EPS. 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 forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a $0.96 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. S&P Global's dividend payout ratio is presently 29.54%.

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.

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