Ashton Thomas Private Wealth LLC Boosts Stock Position in S&P Global Inc. $SPGI

Key Points

• Ashton Thomas Private Wealth LLC increased its stake in S&P Global Inc. by 5.1%, owning 14,353 shares valued at approximately $7.3 million as of the latest SEC filing.
• S&P Global reported earnings of $4.43 per share for the quarter, exceeding analysts' expectations, with revenue growth of 5.8% compared to the same quarter last year.
• The company announced a quarterly dividend of $0.96 per share, resulting in an annualized yield of 0.7%, with a payout ratio of 29.54%.

Ashton Thomas Private Wealth LLC boosted its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,353 shares of the business services provider's stock after purchasing an additional 690 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in S&P Global were worth $7,293,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SPGI. Minot DeBlois Advisors LLC purchased a new position in S&P Global during the 4th quarter valued at approximately $25,000. Cheviot Value Management LLC purchased a new position in S&P Global during the 1st quarter valued at approximately $26,000. Costello Asset Management INC purchased a new position in S&P Global during the 1st quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC purchased a new position in S&P Global during the 1st quarter valued at approximately $28,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock valued at $31,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

Shares of SPGI stock opened at $537.61 on Monday. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $164.13 billion, a P/E ratio of 41.35, a P/E/G ratio of 2.88 and a beta of 1.20. The stock has a 50 day moving average price of $541.21 and a 200 day moving average price of $514.49.

S&P Global (NYSE:SPGI - Get Free Report) last issued 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 return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the company earned $4.04 EPS. S&P Global's quarterly revenue was up 5.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on SPGI. JPMorgan Chase & Co. raised their price target on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Barclays raised their price target on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. BMO Capital Markets raised their price target on S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Argus upgraded S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Finally, Oppenheimer lifted their target price on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $611.69.

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.

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