Dohj LLC Sells 2,332 Shares of S&P Global Inc. $SPGI

Key Points

• Dohj LLC reduced its stake in S&P Global Inc. by 46.8% in Q2 2023, selling 2,332 shares to hold a total of 2,648 shares worth approximately $1.4 million.
• Several analysts have raised their price targets for S&P Global, with average ratings of "Buy" and a consensus target price of $614.46.
• S&P Global declared a quarterly dividend of $0.96, with an annualized yield of 0.8%, payable on December 10th to shareholders of record as of November 25th.

Dohj LLC lessened its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 46.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,648 shares of the business services provider's stock after selling 2,332 shares during the quarter. Dohj LLC's holdings in S&P Global were worth $1,396,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPGI. Brighton Jones LLC boosted its holdings in 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 purchasing an additional 143 shares during the period. Wedge Capital Management L L P NC boosted its stake in 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 buying an additional 55 shares during the period. Capital Investment Advisors LLC grew its position in S&P Global by 29.4% during the first quarter. Capital Investment Advisors LLC now owns 524 shares of the business services provider's stock worth $266,000 after buying an additional 119 shares in the last quarter. NewSquare Capital LLC grew its position in S&P Global by 864.3% during the first quarter. NewSquare Capital LLC now owns 135 shares of the business services provider's stock worth $69,000 after buying an additional 121 shares in the last quarter. Finally, Portside Wealth Group LLC raised its holdings in shares of S&P Global by 7.9% in the 1st quarter. Portside Wealth Group LLC now owns 931 shares of the business services provider's stock valued at $473,000 after acquiring an additional 68 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SPGI shares. BMO Capital Markets boosted their price objective on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Wells Fargo & Company lifted their target price on shares of S&P Global from $660.00 to $661.00 and gave the company an "overweight" rating in a research report on Friday, September 19th. Oppenheimer boosted their price target on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Citigroup raised their price objective on shares of S&P Global from $600.00 to $635.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Finally, UBS Group upped their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $614.46.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $480.91 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The stock has a market cap of $146.82 billion, a PE ratio of 36.99, a PEG ratio of 2.54 and a beta of 1.19. The company's fifty day moving average is $533.31 and its 200 day moving average is $514.78. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last posted 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. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company's 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. Research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

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

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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