Campbell Newman Asset Management Inc. Has $11.73 Million Position in S&P Global Inc. $SPGI

Key Points

• Campbell Newman Asset Management Inc. reduced its holdings in S&P Global Inc. by 2.8%, now owning 22,237 shares valued at approximately $11.73 million.
• Analysts have increased their price targets for S&P Global, with Wells Fargo raising it to **$661.00** and Citigroup to **$635.00**, reflecting their positive outlook on the company.
• S&P Global reported earnings of **$4.43 per share**, surpassing estimates, and announced a quarterly dividend of **$0.96**, translating to an annual yield of **0.8%**.

Campbell Newman Asset Management Inc. trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 2.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,237 shares of the business services provider's stock after selling 647 shares during the period. Campbell Newman Asset Management Inc.'s holdings in S&P Global were worth $11,725,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cheviot Value Management LLC acquired a new position in S&P Global during the first quarter valued at approximately $26,000. Costello Asset Management INC bought a new stake in shares of S&P Global during the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of S&P Global in the 2nd quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC bought a new position in shares of S&P Global in the first quarter valued at $28,000. Finally, CBIZ Investment Advisory Services LLC grew its stake in shares of S&P Global by 103.3% in the first 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. Institutional investors and hedge funds own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of S&P Global from $660.00 to $661.00 and gave the company an "overweight" rating in a research note on Friday, September 19th. Oppenheimer upped their target price 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. JPMorgan Chase & Co. lifted their price target on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Barclays upped their price objective on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Citigroup lifted their target price on S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $614.46.

S&P Global Price Performance

S&P Global stock opened at $490.89 on Tuesday. The company has a market capitalization of $149.87 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 2.61 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. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The stock's 50 day moving average is $539.09 and its 200-day moving average is $515.52.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly 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 return on equity of 15.11% and a net margin of 27.30%.The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the company posted $4.04 EPS. The firm's quarterly revenue 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. Equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. S&P Global's payout ratio is currently 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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