Callan Family Office LLC Buys 13,245 Shares of S&P Global Inc. $SPGI

Key Points

• Callan Family Office LLC increased its stake in S&P Global Inc. by 62.7% in the second quarter, owning a total of 34,359 shares worth approximately $18.1 million.
• S&P Global reported earnings per share of $4.43 for the latest quarter, exceeding analysts' expectations and marking a year-over-year revenue increase of 5.8%.
• The company declared a quarterly dividend of $0.96 per share, with a dividend yield of 0.8%, scheduled for payment on December 10th.

Callan Family Office LLC raised its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 62.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,359 shares of the business services provider's stock after purchasing an additional 13,245 shares during the quarter. S&P Global accounts for 0.6% of Callan Family Office LLC's portfolio, making the stock its 27th largest position. Callan Family Office LLC's holdings in S&P Global were worth $18,117,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SPGI. Brighton Jones LLC lifted its holdings in shares of S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock valued at $1,582,000 after buying an additional 143 shares during the period. Wedge Capital Management L L P NC raised its holdings in shares of S&P Global by 10.3% during the first quarter. Wedge Capital Management L L P NC now owns 587 shares of the business services provider's stock valued at $298,000 after acquiring an additional 55 shares during the last quarter. Capital Investment Advisors LLC grew its position in shares of S&P Global by 29.4% in the first quarter. Capital Investment Advisors LLC now owns 524 shares of the business services provider's stock valued at $266,000 after purchasing an additional 119 shares in the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of S&P Global in the first quarter valued at approximately $426,000. Finally, GAMMA Investing LLC grew its position in shares of S&P Global by 20.2% in the first quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock valued at $2,139,000 after purchasing an additional 708 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Trading Up 1.0%

S&P Global stock opened at $487.25 on Friday. The firm has a 50 day simple moving average of $531.10 and a 200-day simple moving average of $514.44. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $148.76 billion, a PE ratio of 37.48, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05.

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 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 during the quarter, compared to analysts' expectations of $3.65 billion. During the same period last year, the firm posted $4.04 earnings per share. The firm's revenue for the quarter 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, equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm 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 dividend of $0.96 per share. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global's dividend payout ratio (DPR) is currently 29.54%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SPGI shares. Wells Fargo & Company increased their price objective on S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a research report on Friday, September 19th. Morgan Stanley raised their price target on S&P Global from $615.00 to $620.00 and gave the company an "overweight" rating in a research note on Thursday. BMO Capital Markets lifted their target price on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. UBS Group raised their price target on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. boosted their price target on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $614.85.

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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