Asset Advisors Investment Management LLC Raises Stock Position in S&P Global Inc. $SPGI

Key Points

• Asset Advisors Investment Management LLC increased its stake in S&P Global Inc. by 28.5% during the second quarter, holding 4,198 shares valued at $2,214,000.
• S&P Global recently reported earnings of $4.43 per share, exceeding analysts' expectations, and has set a fiscal year 2025 EPS guidance of 17.000-17.250.
• The company announced a quarterly dividend of $0.96, with an annualized yield of 0.8%, payable on December 10th.

Asset Advisors Investment Management LLC grew its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 28.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,198 shares of the business services provider's stock after purchasing an additional 932 shares during the period. Asset Advisors Investment Management LLC's holdings in S&P Global were worth $2,214,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Stegent Equity Advisors Inc. lifted its holdings in shares of S&P Global by 3.1% in the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider's stock valued at $335,000 after acquiring an additional 20 shares during the last quarter. Foster Dykema Cabot & Partners LLC raised its stake in shares of S&P Global by 0.7% during the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider's stock valued at $1,453,000 after acquiring an additional 20 shares in the last quarter. Foster Group Inc. raised its stake in shares of S&P Global by 0.9% during the second quarter. Foster Group Inc. now owns 2,237 shares of the business services provider's stock valued at $1,180,000 after acquiring an additional 20 shares in the last quarter. Integrated Investment Consultants LLC increased its holdings in S&P Global by 2.8% during the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider's stock valued at $387,000 after buying an additional 21 shares during the period. Finally, Hemington Wealth Management increased its holdings in S&P Global by 8.0% during the first quarter. Hemington Wealth Management now owns 284 shares of the business services provider's stock valued at $144,000 after buying an additional 21 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Morgan Stanley lifted their price target on shares of S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Oppenheimer boosted their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. BMO Capital Markets boosted their target price 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. Wells Fargo & Company boosted their target price on shares of S&P Global from $660.00 to $661.00 and gave the company an "overweight" rating in a research report on Friday, September 19th. Finally, JPMorgan Chase & Co. boosted their target price 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. Two investment analysts have rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $614.46.

S&P Global Stock Down 1.1%

SPGI stock opened at $476.29 on Friday. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The stock has a market capitalization of $145.41 billion, a P/E ratio of 36.64, a P/E/G ratio of 2.58 and a beta of 1.19. 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 firm has a 50-day simple moving average of $536.46 and a 200-day simple moving average of $514.96.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data 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 company 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 company earned $4.04 EPS. S&P Global's 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. Equities analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global's dividend payout ratio 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.

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