Lee Johnson Capital Management LLC Acquires New Position in S&P Global Inc. $SPGI

Key Points

• Lee Johnson Capital Management LLC acquired a new stake of 1,484 shares in S&P Global Inc., valued at approximately $782,000, during the 2nd quarter.
• Multiple hedge funds have increased their holdings in S&P Global, indicating a strong institutional interest with 87.17% of the stock owned by institutional investors.
• S&P Global reported earnings of $4.43 per share, surpassing estimates, and is forecasting an EPS of 17.11 for the current year, alongside a quarterly dividend of $0.96.

Lee Johnson Capital Management LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,484 shares of the business services provider's stock, valued at approximately $782,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Stegent Equity Advisors Inc. raised its position in shares of 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 purchasing an additional 20 shares during the last quarter. Foster Dykema Cabot & Partners LLC raised its position in shares of S&P Global by 0.7% in the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider's stock valued at $1,453,000 after purchasing an additional 20 shares during the last quarter. Foster Group Inc. raised its position in shares of S&P Global by 0.9% in the 2nd 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 raised its position in S&P Global by 2.8% during the 1st quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider's stock worth $387,000 after buying an additional 21 shares during the last quarter. Finally, Hemington Wealth Management raised its position in S&P Global by 8.0% during the 1st quarter. Hemington Wealth Management now owns 284 shares of the business services provider's stock worth $144,000 after buying an additional 21 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SPGI shares. Morgan Stanley raised their price target on shares of S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Oppenheimer raised their price target on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. raised their price target on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Wells Fargo & Company raised 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, BMO Capital Markets raised their price target 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. One analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $614.46.

S&P Global Price Performance

NYSE:SPGI opened at $490.89 on Tuesday. 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 firm has a market cap of $149.87 billion, a price-to-earnings ratio of 37.76, a price-to-earnings-growth ratio of 2.61 and a beta of 1.20. The company has a 50 day moving average price of $539.09 and a 200-day moving average price of $515.52. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share 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 analyst estimates of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The business also recently declared 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 of this dividend is Tuesday, November 25th. S&P Global's payout ratio is presently 29.54%.

About S&P Global

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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