MassMutual Private Wealth & Trust FSB Raises Stock Position in S&P Global Inc. $SPGI

Key Points

• MassMutual Private Wealth & Trust FSB increased its stake in S&P Global Inc. by 62.7%, owning a total of 20,579 shares valued at approximately $10.85 million as of the latest reporting period.
• S&P Global reported its quarterly earnings with an EPS of $4.43, exceeding expectations and reflecting a 5.8% year-over-year revenue growth to $3.76 billion.
• Analysts have raised their price targets for S&P Global, with predictions reaching as high as $660.00, indicating strong investor confidence in the company's performance.

MassMutual Private Wealth & Trust FSB raised its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 62.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,579 shares of the business services provider's stock after buying an additional 7,933 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in S&P Global were worth $10,851,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Stegent Equity Advisors Inc. increased its stake in S&P Global by 3.1% during the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider's stock worth $335,000 after buying an additional 20 shares during the period. Foster Dykema Cabot & Partners LLC increased its stake in S&P Global by 0.7% during the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider's stock worth $1,453,000 after buying an additional 20 shares during the period. Integrated Investment Consultants LLC increased its stake 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 period. Hemington Wealth Management increased its stake 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 period. Finally, Retirement Planning Group LLC increased its stake in S&P Global by 0.4% during the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock worth $2,870,000 after buying an additional 22 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

SPGI opened at $543.51 on Tuesday. The company has a 50-day moving average of $543.18 and a 200-day moving average of $515.09. The company has a market capitalization of $165.93 billion, a P/E ratio of 41.81, a PEG ratio of 2.91 and a beta of 1.20. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating the consensus estimate of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same period in the previous year, the business posted $4.04 EPS. The company's quarterly revenue 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. Equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th were issued a $0.96 dividend. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. S&P Global's payout ratio is 29.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. 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 research note on Monday. Wells Fargo & Company lifted their price target on shares of S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Barclays lifted their price target on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Morgan Stanley boosted their target price 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. Finally, BMO Capital Markets boosted 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. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $614.38.

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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