Harrell Investment Partners LLC Has $557,000 Stock Position in S&P Global Inc. $SPGI

Key Points

• Harrell Investment Partners LLC reduced its holdings in S&P Global Inc. by 78.6%, ending with a position valued at $557,000 after selling 3,886 shares in the second quarter.
• S&P Global reported a quarterly earnings EPS of $4.43, exceeding analysts' expectations, with revenue increasing 5.8% year-over-year.
• The firm declared a quarterly dividend of $0.96 per share, set to be paid on December 10th, reflecting an annualized dividend yield of 0.8%.

Harrell Investment Partners LLC lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 78.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,056 shares of the business services provider's stock after selling 3,886 shares during the period. Harrell Investment Partners LLC's holdings in S&P Global were worth $557,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Missouri Trust & Investment Co boosted its holdings in S&P Global by 194.9% in the second quarter. Missouri Trust & Investment Co now owns 115 shares of the business services provider's stock worth $61,000 after acquiring an additional 76 shares in the last quarter. Legacy Solutions LLC boosted its holdings in S&P Global by 12.6% in the second quarter. Legacy Solutions LLC now owns 517 shares of the business services provider's stock worth $272,000 after acquiring an additional 58 shares in the last quarter. Mather Group LLC. boosted its holdings in S&P Global by 4.0% in the second quarter. Mather Group LLC. now owns 4,972 shares of the business services provider's stock worth $2,622,000 after acquiring an additional 193 shares in the last quarter. Carr Financial Group Corp boosted its holdings in S&P Global by 9.4% in the second quarter. Carr Financial Group Corp now owns 606 shares of the business services provider's stock worth $319,000 after acquiring an additional 52 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC boosted its holdings in S&P Global by 4.6% in the second quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider's stock worth $16,562,000 after acquiring an additional 1,383 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Down 1.3%

SPGI stock opened at $490.09 on Thursday. S&P Global Inc. has a twelve month low of $427.14 and a twelve 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. The stock's 50 day moving average is $541.27 and its 200-day moving average is $514.97. The firm has a market capitalization of $149.62 billion, a PE ratio of 37.70, a P/E/G ratio of 2.66 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 analysts' consensus estimates of $4.18 by $0.25. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.S&P Global's revenue was up 5.8% on a year-over-year basis. During the same period last year, the business posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SPGI shares. Citigroup increased their price target on S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a report on Monday, September 15th. Wells Fargo & Company increased their price target on S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a report on Friday, September 19th. Morgan Stanley increased their price target on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Barclays raised their target price on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. raised their target price on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $614.46.

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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