Diversify Advisory Services LLC Invests $1.04 Million in S&P Global Inc. $SPGI

Key Points

• Diversify Advisory Services initiated a $1.04 million position in S&P Global during the second quarter by purchasing 2,364 shares. Hedge funds and institutional investors collectively own 87.17% of the company.
• Analysts remain broadly bullish, with 18 Buy ratings, one Hold and one Sell rating. S&P Global has a consensus “Moderate Buy” rating and an average price target of $523.59.
• S&P Global exceeded quarterly earnings and revenue expectations, reporting $4.83 in EPS and $4.15 billion in revenue, with revenue up 10.4% year over year. The company also declared a quarterly dividend of $0.97 per share, representing a 0.9% annualized yield.

Diversify Advisory Services LLC bought a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,364 shares of the business services provider's stock, valued at approximately $1,040,000.

Several other hedge funds also recently added to or reduced their stakes in SPGI. Joseph Group Capital Management acquired a new stake in S&P Global during the fourth quarter worth about $29,000. North Star Investment Management Corp. boosted its position in S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider's stock worth $32,000 after purchasing an additional 35 shares in the last quarter. Palladiem LLC acquired a new stake in shares of S&P Global during the 4th quarter worth approximately $36,000. Palisade Asset Management LLC purchased a new position in shares of S&P Global during the 3rd quarter valued at approximately $36,000. Finally, Swiss RE Ltd. acquired a new position in shares of S&P Global in the 4th quarter valued at $39,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Mizuho increased their target price on shares of S&P Global from $551.00 to $554.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 5th. BMO Capital Markets increased their price target on S&P Global from $495.00 to $505.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 7th. Barclays dropped their price objective on S&P Global from $555.00 to $553.00 and set an "overweight" rating on the stock in a report on Wednesday, July 29th. Stifel Nicolaus upped their target price on S&P Global from $489.00 to $521.00 and gave the stock a "buy" rating in a research note on Friday, July 17th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of S&P Global in a research note on Monday, July 6th. Eighteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, S&P Global has a consensus rating of "Moderate Buy" and a consensus target price of $523.59.

S&P Global Stock Up 2.1%

SPGI stock opened at $427.02 on Thursday. The company has a market cap of $125.89 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 1.88 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $559.60. The firm has a 50-day moving average of $422.28 and a two-hundred day moving average of $426.09.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, topping the consensus estimate of $4.81 by $0.02. The business had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, analysts forecast that S&P Global Inc. will post 17.75 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 Thursday, September 10th. Investors of record on Wednesday, August 26th will be given a dividend of $0.97 per share. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global's dividend payout ratio (DPR) is presently 23.69%.

S&P Global Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source