HB Wealth Management LLC Cuts Stock Holdings in S&P Global Inc. $SPGI

Key Points

• HB Wealth Management LLC reduced its holdings in S&P Global Inc. by 3.3% during the second quarter, now owning 19,121 shares worth $10,082,000.
• S&P Global reported earnings of $4.43 per share, exceeding expectations, alongside a revenue of $3.76 billion for the quarter.
• The company declared a quarterly dividend of $0.96 per share, set to be paid on December 10th, with a dividend yield of 0.8%.

HB Wealth Management LLC lowered its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,121 shares of the business services provider's stock after selling 656 shares during the period. HB Wealth Management LLC's holdings in S&P Global were worth $10,082,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPGI. Nuveen LLC purchased a new stake in shares of S&P Global in the first quarter valued at approximately $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in S&P Global by 70.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider's stock valued at $826,819,000 after acquiring an additional 670,392 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of S&P Global by 26.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider's stock worth $1,497,493,000 after purchasing an additional 614,809 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of S&P Global by 37.9% during the 1st quarter. Alliancebernstein L.P. now owns 766,154 shares of the business services provider's stock worth $389,283,000 after purchasing an additional 210,373 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in shares of S&P Global by 667.7% during the 1st quarter. Jones Financial Companies Lllp now owns 237,051 shares of the business services provider's stock worth $131,181,000 after purchasing an additional 206,174 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $486.45 on Wednesday. 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 business's fifty day moving average price is $538.44 and its two-hundred day moving average price is $515.32. The stock has a market cap of $148.51 billion, a PE ratio of 37.42, a price-to-earnings-growth ratio of 2.63 and a beta of 1.20. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data 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 for 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%.The business's revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company 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 dividend of $0.96 per share. This represents a $3.84 annualized dividend 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 currently 29.54%.

Wall Street Analyst Weigh In

A number of analysts recently commented on SPGI shares. Wells Fargo & Company boosted their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a report on Friday, September 19th. Barclays boosted their price target on S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. raised their price objective on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. BMO Capital Markets lifted 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. Finally, UBS Group upped their target price on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average 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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