3,769 Shares in S&P Global Inc. $SPGI Acquired by IronOak Wealth LLC.

Key Points

• IronOak Wealth LLC purchased 3,769 shares of S&P Global Inc. for approximately $1,988,000, making it the 19th largest position in their investment portfolio.
• S&P Global reported earnings per share of $4.43 for the last quarter, exceeding estimates and reflecting a 5.8% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.96, with a dividend yield of 0.8%, demonstrating a healthy payout ratio of 29.54%.

IronOak Wealth LLC. bought a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,769 shares of the business services provider's stock, valued at approximately $1,988,000. S&P Global comprises about 1.9% of IronOak Wealth LLC.'s portfolio, making the stock its 19th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. Stegent Equity Advisors Inc. grew its stake in S&P Global by 3.1% in the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider's stock valued at $335,000 after buying an additional 20 shares during the last quarter. Foster Dykema Cabot & Partners LLC boosted its holdings in shares of S&P Global by 0.7% during the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider's stock worth $1,453,000 after acquiring an additional 20 shares during the period. Foster Group Inc. grew its position in shares of S&P Global by 0.9% in the second quarter. Foster Group Inc. now owns 2,237 shares of the business services provider's stock valued at $1,180,000 after purchasing an additional 20 shares during the last quarter. Integrated Investment Consultants LLC increased its stake in shares of S&P Global by 2.8% during the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider's stock worth $387,000 after purchasing an additional 21 shares during the period. Finally, Hemington Wealth Management boosted its stake in S&P Global by 8.0% in the 1st quarter. Hemington Wealth Management now owns 284 shares of the business services provider's stock valued at $144,000 after purchasing an additional 21 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

Shares of NYSE SPGI traded down $1.03 during mid-day trading on Monday, hitting $506.13. 1,754,447 shares of the stock traded hands, compared to its average volume of 1,222,694. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The firm has a 50 day simple moving average of $542.48 and a two-hundred day simple moving average of $515.27. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $154.52 billion, a PE ratio of 38.93, a price-to-earnings-growth ratio of 2.71 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last announced 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. 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 for the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the firm posted $4.04 earnings per share. The business's revenue for the quarter 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, equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on SPGI shares. UBS Group increased their price objective on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. BMO Capital Markets increased their target price on shares of S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. lifted their price target on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Morgan Stanley raised their price target on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company upped their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, S&P Global presently has an average rating of "Buy" and a consensus target price 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.