EP Wealth Advisors LLC Has $55.76 Million Stock Holdings in S&P Global Inc. $SPGI

Key Points

• EP Wealth Advisors LLC increased its holdings in S&P Global Inc. by 0.9% in Q1, now owning approximately 109,745 shares valued at $55.76 million.
• Equities analysts have raised their price targets for S&P Global, with JPMorgan increasing it to $625.00 and Wells Fargo to $660.00, reflecting overall positive sentiment towards the stock.
• S&P Global reported an EPS of $4.43 for the last quarter, exceeding estimates and showing a revenue increase of 5.8% year-over-year, alongside a recently declared quarterly dividend of $0.96.

EP Wealth Advisors LLC boosted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 0.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 109,745 shares of the business services provider's stock after buying an additional 998 shares during the period. EP Wealth Advisors LLC's holdings in S&P Global were worth $55,761,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new stake in S&P Global in the 4th quarter valued at approximately $25,000. Costello Asset Management INC acquired a new stake in S&P Global in the 1st quarter valued at approximately $26,000. Cheviot Value Management LLC acquired a new stake in S&P Global in the 1st quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of S&P Global in the first quarter valued at approximately $28,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings 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 purchasing an additional 31 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on SPGI shares. JPMorgan Chase & Co. lifted their price objective on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Morgan Stanley lifted their price target on shares of S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Oppenheimer lifted their target price 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. Wells Fargo & Company lifted their target price on S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, UBS Group lifted their target price on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, S&P Global currently has a consensus rating of "Buy" and a consensus price target of $611.69.

S&P Global Stock Performance

Shares of SPGI stock traded down $2.65 during trading on Friday, reaching $537.61. 920,331 shares of the company's stock were exchanged, compared to its average volume of 1,267,291. 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 capitalization of $164.13 billion, a PE ratio of 41.35, a PEG ratio of 2.89 and a beta of 1.20. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The firm's fifty day moving average price is $540.83 and its 200-day moving average price is $514.87.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data 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. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the company earned $4.04 earnings per share. The company'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. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.7%. S&P Global's dividend 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.