Merit Financial Group LLC Purchases 1,875 Shares of S&P Global Inc. $SPGI

Key Points

• Merit Financial Group LLC increased its stake in S&P Global by 8.0%, acquiring an additional 1,875 shares, bringing its total holdings to 25,196 shares valued at approximately $13.3 million.
• S&P Global recently reported earnings per share of $4.43 for the last quarter, exceeding estimates, and announced a quarterly dividend of $0.96 per share, with a dividend yield of 0.8%.
• The stock has attracted interest from various institutional investors, with 87.17% of the company’s shares now held by them, reflecting ongoing confidence in the company's performance.

Merit Financial Group LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 8.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,196 shares of the business services provider's stock after acquiring an additional 1,875 shares during the period. Merit Financial Group LLC's holdings in S&P Global were worth $13,286,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Divergent Planning LLC bought a new stake in shares of S&P Global during the second quarter valued at approximately $303,000. Dynamic Advisor Solutions LLC increased its position in shares of S&P Global by 6.3% during the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider's stock valued at $6,568,000 after acquiring an additional 733 shares in the last quarter. SCS Capital Management LLC bought a new stake in shares of S&P Global during the first quarter valued at approximately $240,000. Foster Victor Wealth Advisors LLC increased its position in shares of S&P Global by 4.6% during the second quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider's stock valued at $16,562,000 after acquiring an additional 1,383 shares in the last quarter. Finally, Caxton Associates LLP bought a new stake in shares of S&P Global during the first quarter valued at approximately $386,000. Institutional investors own 87.17% of the company's stock.

S&P Global Trading Up 0.7%

Shares of S&P Global stock opened at $479.88 on Friday. The company's fifty day simple moving average is $535.36 and its 200-day simple moving average is $515.03. The stock has a market capitalization of $146.51 billion, a PE ratio of 36.91, a P/E/G ratio of 2.56 and a beta of 1.19. 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 current ratio of 0.98 and a quick ratio of 0.98.

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 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.25. The business 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%. The company's revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be paid a dividend of $0.96 per share. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global's payout ratio is 29.54%.

Analyst Ratings Changes

SPGI has been the topic of several research reports. BMO Capital Markets raised their target price on shares of S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Barclays raised their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Weiss Ratings restated a "buy (b)" rating on shares of S&P Global in a report on Saturday, September 27th. UBS Group raised their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, Seaport Res Ptn upgraded shares of S&P Global to a "strong-buy" rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $614.46.

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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