LVW Advisors LLC Purchases 838 Shares of S&P Global Inc. $SPGI

Key Points

• LVW Advisors LLC increased its stake in S&P Global Inc. by 24.5% during the second quarter, owning a total of 4,260 shares worth approximately $2.25 million.
• S&P Global recently reported quarterly earnings of $4.43 EPS, surpassing analyst expectations, with revenue of $3.76 billion, reflecting a year-over-year increase of 5.8%.
• The company announced a quarterly dividend of $0.96 per share, equating to an annualized yield of 0.8%, with the dividend payment scheduled for December 10th.

LVW Advisors LLC lifted its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 24.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,260 shares of the business services provider's stock after acquiring an additional 838 shares during the quarter. LVW Advisors LLC's holdings in S&P Global were worth $2,246,000 as of its most recent SEC filing.

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

S&P Global Price Performance

Shares of SPGI opened at $487.66 on Friday. 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's fifty day moving average price is $539.72 and its 200-day moving average price is $514.99. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The firm has a market capitalization of $148.88 billion, a PE ratio of 37.51, a price-to-earnings-growth ratio of 2.60 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, topping analysts' consensus estimates of $4.18 by $0.25. The company had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

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 issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global's dividend payout ratio is 29.54%.

Analyst Ratings Changes

Several analysts have commented on the stock. UBS Group increased their price target on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. BMO Capital Markets raised their target price on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Citigroup lifted their price target on shares of S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a report on Monday, September 15th. Barclays increased their price objective 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. boosted their target price on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $614.46.

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.

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.