Perbak Capital Partners LLP Makes New $267,000 Investment in S&P Global Inc. $SPGI

Key Points

• Perbak Capital Partners LLP has made a new investment of $267,000 in S&P Global Inc., acquiring 526 shares during the first quarter.
• S&P Global recently reported earnings of $4.43 EPS, exceeding analysts' estimates, with revenues of $3.76 billion for the quarter, marking a 5.8% increase year-over-year.
• The company declared a quarterly dividend of $0.96 to be paid on September 10th, reflecting an annualized yield of 0.7%.

Perbak Capital Partners LLP acquired a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 526 shares of the business services provider's stock, valued at approximately $267,000.

Several other hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of S&P Global by 4.7% during the fourth 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 in the last quarter. Bank Pictet & Cie Europe AG lifted its position in S&P Global by 3.3% during 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 buying an additional 2,413 shares in the last quarter. GHE LLC lifted its position in S&P Global by 2.1% during the 4th quarter. GHE LLC now owns 13,504 shares of the business services provider's stock worth $6,725,000 after buying an additional 274 shares in the last quarter. Aptus Capital Advisors LLC increased its stake in shares of S&P Global by 22.9% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,960 shares of the business services provider's stock worth $1,972,000 after purchasing an additional 739 shares during the last quarter. Finally, Algert Global LLC acquired a new position in shares of S&P Global during the 4th quarter worth about $1,584,000. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Trading Down 1.6%

Shares of SPGI opened at $539.67 on Wednesday. The firm has a market cap of $164.76 billion, a price-to-earnings ratio of 41.51, a PEG ratio of 2.94 and a beta of 1.20. 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 Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The firm has a 50 day moving average price of $539.99 and a 200-day moving average price of $514.70.

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 analysts' consensus estimates of $4.18 by $0.25. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm's revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.7%. S&P Global's payout ratio is presently 29.54%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SPGI. UBS Group upped 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 note on Tuesday, July 8th. Morgan Stanley increased their price objective on shares of S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. upped their price target on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Wells Fargo & Company increased their price objective on shares of S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Oppenheimer raised their price target 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. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $611.69.

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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