GC Wealth Management RIA LLC Takes $1.36 Million Position in S&P Global Inc. $SPGI

Key Points

• GC Wealth Management RIA LLC has acquired a new position in S&P Global Inc., purchasing 2,582 shares valued at approximately $1.36 million in the second quarter.
• S&P Global reported earnings of $4.43 per share, exceeding expectations, with a quarterly revenue of $3.76 billion, marking a 5.8% increase from the previous year.
• The company has announced a quarterly dividend of $0.96 to be paid on December 10th, representing a 0.8% yield and a payout ratio of 29.54%.

GC Wealth Management RIA LLC bought a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,582 shares of the business services provider's stock, valued at approximately $1,361,000.

A number of other large investors have also recently bought and sold shares of SPGI. Cheviot Value Management LLC bought a new stake in shares of S&P Global in the 1st quarter worth about $26,000. Costello Asset Management INC acquired a new position in S&P Global in the first quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in S&P Global during the second quarter worth about $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of S&P Global during the first quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings in shares of S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after buying an additional 31 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Up 0.8%

Shares of SPGI opened at $490.89 on Tuesday. The stock's fifty day simple moving average is $539.09 and its 200-day simple moving average is $515.52. The firm has a market capitalization of $149.87 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 2.61 and a beta of 1.20. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.25. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same period in the previous year, the business posted $4.04 EPS. The company's quarterly revenue was up 5.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

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

Analyst Ratings Changes

SPGI has been the topic of a number of research analyst reports. BMO Capital Markets increased their price target on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Barclays increased their target price on S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. UBS Group raised their target price on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Wells Fargo & Company upped their price target on shares of S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a research report on Friday, September 19th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $614.46.

S&P Global Company 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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