CW Advisors LLC Invests $2.73 Million in S&P Global Inc. $SPGI

Key Points

• CW Advisors LLC acquired a stake of 5,380 shares in S&P Global Inc. valued at approximately $2,729,000 during the first quarter of 2023.
• Analysts have raised their price targets for S&P Global, with UBS and Wells Fargo setting new targets of $620.00 and $660.00 respectively, maintaining a majority "buy" rating.
• S&P Global reported a 5.8% increase in quarterly revenue year-over-year, with earnings per share of $4.43, surpassing consensus estimates.

CW Advisors LLC bought a new position in S&P Global Inc. (NYSE:SPGI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,380 shares of the business services provider's stock, valued at approximately $2,729,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Minot DeBlois Advisors LLC acquired a new position in shares of S&P Global in the fourth quarter valued at approximately $25,000. Cheviot Value Management LLC bought a new position in shares of S&P Global in the 1st quarter worth about $26,000. Costello Asset Management INC acquired a new stake in shares of S&P Global in the first quarter valued at approximately $26,000. Anderson Financial Strategies LLC acquired a new stake in shares of S&P Global in the 4th quarter worth approximately $27,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in shares of S&P Global in the first quarter valued at approximately $28,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SPGI. Wells Fargo & Company upped their target price on S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. BMO Capital Markets upped their price objective on S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a report on Friday, August 1st. UBS Group increased their target price on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Barclays boosted their target price on S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Finally, Oppenheimer increased their price target on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, S&P Global presently has a consensus rating of "Buy" and a consensus target price of $611.69.

S&P Global Stock Up 0.3%

Shares of NYSE:SPGI traded up $1.59 during midday trading on Friday, hitting $549.14. 401,845 shares of the stock were exchanged, compared to its average volume of 1,271,563. The company has a market capitalization of $167.65 billion, a PE ratio of 42.25, a P/E/G ratio of 2.94 and a beta of 1.19. 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 business's fifty day simple moving average is $538.10 and its two-hundred day simple moving average is $514.72.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping the consensus estimate of $4.18 by $0.25. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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