Northside Capital Management LLC Purchases Shares of 1,849 S&P Global Inc. $SPGI

Key Points

• Northside Capital Management LLC acquired 1,849 shares of S&P Global Inc. during the 2nd quarter, amounting to approximately $975,000.
• S&P Global recently reported $4.43 earnings per share for the last quarter, surpassing analysts' expectations, while quarterly revenue increased by 5.8% year-over-year.
• The firm announced a quarterly dividend of $0.96 per share, with a scheduled payment date on December 10th, representing an annual yield of 0.8%.

Northside Capital Management LLC purchased a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,849 shares of the business services provider's stock, valued at approximately $975,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. Brighton Jones LLC raised its holdings in shares of S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after purchasing an additional 143 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in shares of S&P Global by 3.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock worth $37,093,000 after purchasing an additional 2,413 shares during the period. GHE LLC raised its holdings in shares of S&P Global by 2.1% in the 4th quarter. GHE LLC now owns 13,504 shares of the business services provider's stock worth $6,725,000 after purchasing an additional 274 shares during the period. State of Wyoming raised its holdings in shares of S&P Global by 94.8% in the 4th quarter. State of Wyoming now owns 261 shares of the business services provider's stock worth $130,000 after purchasing an additional 127 shares during the period. Finally, Park Square Financial Group LLC purchased a new position in shares of S&P Global in the 4th quarter worth about $89,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

Shares of NYSE SPGI opened at $496.09 on Wednesday. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The business has a 50 day moving average price of $541.95 and a two-hundred day moving average price of $515.14. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a market cap of $151.46 billion, a PE ratio of 38.16, a price-to-earnings-growth ratio of 2.71 and a beta of 1.20.

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

S&P Global Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SPGI shares. BMO Capital Markets raised their price objective on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Citigroup raised their price objective on S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a report on Monday, September 15th. Wells Fargo & Company raised their price objective on S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a report on Friday, September 19th. Morgan Stanley raised their target price on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, UBS Group raised their target price on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. One investment 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 currently has a consensus 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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