D.B. Root & Company LLC Acquires 593 Shares of S&P Global Inc. $SPGI

Key Points

• D.B. Root & Company LLC increased its holdings in S&P Global Inc. by 128.6%, acquiring an additional 593 shares, bringing its total to 1,054 shares valued at $556,000.
• S&P Global reported a quarterly EPS of $4.43, exceeding analyst estimates of $4.18, and achieved a revenue of $3.76 billion, up 5.8% compared to the previous year.
• The company announced a quarterly dividend of $0.96 per share, set to be paid on December 10th, representing an annualized yield of 0.8% and a payout ratio of 29.54%.

D.B. Root & Company LLC lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 128.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,054 shares of the business services provider's stock after purchasing an additional 593 shares during the quarter. D.B. Root & Company LLC's holdings in S&P Global were worth $556,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Relyea Zuckerberg Hanson LLC grew its position in shares of S&P Global by 4.4% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 964 shares of the business services provider's stock valued at $508,000 after purchasing an additional 41 shares during the period. Confluence Wealth Services Inc. lifted its stake in S&P Global by 1.7% in the second quarter. Confluence Wealth Services Inc. now owns 2,039 shares of the business services provider's stock valued at $1,075,000 after buying an additional 34 shares in the last quarter. Valley National Advisers Inc. boosted its holdings in shares of S&P Global by 21.4% in the second quarter. Valley National Advisers Inc. now owns 142 shares of the business services provider's stock valued at $74,000 after buying an additional 25 shares during the period. Valeo Financial Advisors LLC boosted its holdings in shares of S&P Global by 70,734.1% in the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider's stock valued at $1,670,671,000 after buying an additional 3,163,938 shares during the period. Finally, Vantage Investment Partners LLC increased its position in shares of S&P Global by 6.6% during the second quarter. Vantage Investment Partners LLC now owns 14,426 shares of the business services provider's stock worth $7,607,000 after acquiring an additional 899 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

NYSE:SPGI opened at $479.88 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 market cap of $146.51 billion, a P/E ratio of 36.91, a P/E/G ratio of 2.55 and a beta of 1.19. 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 stock's 50-day simple moving average is $535.36 and its 200 day simple moving average is $515.15.

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 EPS for the quarter, beating the consensus estimate of $4.18 by $0.25. The firm had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global's payout ratio is presently 29.54%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SPGI shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of S&P Global in a research report on Saturday, September 27th. Oppenheimer lifted their price target on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Wells Fargo & Company upped 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. Seaport Res Ptn raised S&P Global to a "strong-buy" rating in a research report on Wednesday, October 1st. Finally, Barclays boosted their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to data from MarketBeat, S&P Global presently has an average rating of "Buy" and a consensus target price of $614.46.

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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