Leo Wealth LLC Raises Stock Holdings in S&P Global Inc. $SPGI

Key Points

• Leo Wealth LLC significantly increased its holdings in S&P Global Inc. by 277.9% during Q2, bringing its total to 3,779 shares valued at approximately $1.99 million.
• Research analysts have raised their price targets for S&P Global, with Oppenheimer increasing its objective from $567 to $592, while Morgan Stanley raised theirs from $595 to $615.
• S&P Global reported a quarterly earnings per share (EPS) of $4.43, exceeding analysts' expectations, and announced a dividend of $0.96 per share to be paid on December 10th.

Leo Wealth LLC increased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 277.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,779 shares of the business services provider's stock after buying an additional 2,779 shares during the quarter. Leo Wealth LLC's holdings in S&P Global were worth $1,993,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Cheviot Value Management LLC purchased a new position in S&P Global during the 1st quarter valued at $26,000. Costello Asset Management INC bought a new position in S&P Global in the 1st quarter worth $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in S&P Global in the 2nd quarter worth $26,000. Smallwood Wealth Investment Management LLC bought a new position in S&P Global in the 1st quarter worth $28,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after purchasing an additional 31 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Oppenheimer upped their price objective on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Morgan Stanley upped their price objective on shares of S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Seaport Res Ptn upgraded shares of S&P Global to a "strong-buy" rating in a report on Wednesday, October 1st. Weiss Ratings restated a "buy (b)" rating on shares of S&P Global in a report on Wednesday. Finally, Barclays boosted their target price on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $614.46.

S&P Global Stock Performance

Shares of SPGI stock opened at $482.20 on Thursday. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The stock has a market cap of $147.22 billion, a PE ratio of 37.09, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The company's fifty day moving average price is $532.35 and its 200-day moving average price is $514.56.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.18 by $0.25. The company had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. S&P Global's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, equities analysts expect 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. Investors of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. S&P Global's payout ratio is presently 29.54%.

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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