Fragasso Financial Advisors Inc Has $2.99 Million Holdings in S&P Global Inc. $SPGI

Key Points

• Fragasso Financial Advisors Inc reduced its stake in S&P Global Inc. by 9.3% in Q2, now holding 5,666 shares, worth approximately $2.99 million.
• S&P Global's latest earnings report showed $4.43 EPS for the quarter, exceeding estimates, with revenue of $3.76 billion and a net margin of 27.30%.
• Multiple analysts have raised their price targets for S&P Global, with UBS increasing theirs from $575 to $620 and Citigroup lifting it from $600 to $635, maintaining a "buy" rating.

Fragasso Financial Advisors Inc cut its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 9.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,666 shares of the business services provider's stock after selling 584 shares during the period. Fragasso Financial Advisors Inc's holdings in S&P Global were worth $2,988,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SPGI. Brighton Jones LLC grew its stake in shares of S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after purchasing an additional 143 shares during the period. Bank Pictet & Cie Europe AG grew its stake in shares of S&P Global by 3.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock worth $37,093,000 after purchasing an additional 2,413 shares during the period. GHE LLC grew its stake in shares of S&P Global by 2.1% during the fourth quarter. GHE LLC now owns 13,504 shares of the business services provider's stock worth $6,725,000 after purchasing an additional 274 shares during the period. Silvercrest Asset Management Group LLC grew its stake in shares of S&P Global by 13.0% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 6,790 shares of the business services provider's stock worth $3,382,000 after purchasing an additional 783 shares during the period. Finally, Strategic Wealth Partners Ltd. grew its stake in shares of S&P Global by 5.6% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 2,754 shares of the business services provider's stock worth $1,494,000 after purchasing an additional 145 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $543.51 on Tuesday. The stock has a 50 day moving average price of $543.18 and a 200 day moving average price of $515.09. 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 stock has a market capitalization of $165.93 billion, a PE ratio of 41.81, a price-to-earnings-growth ratio of 2.91 and a beta of 1.20.

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. 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th were paid a $0.96 dividend. The ex-dividend date was Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.7%. S&P Global's dividend payout ratio is currently 29.54%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. UBS Group lifted their price objective on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Citigroup boosted their target price on S&P Global from $600.00 to $635.00 and gave the company a "buy" rating in a research note on Monday. BMO Capital Markets boosted their target price on S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Oppenheimer boosted their target price 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. 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. 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. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $614.38.

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.

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