PFG Investments LLC Increases Stake in S&P Global Inc. $SPGI

Key Points

• PFG Investments LLC increased its stake in S&P Global Inc. by 14.8% in the second quarter, holding a total of 4,491 shares valued at approximately $2.37 million.
• A series of analysts have raised their price targets for S&P Global, with Citigroup now targeting $635 and naming it a "buy," indicating strong investor confidence.
• S&P Global reported better-than-expected earnings, with an EPS of $4.43, exceeding the consensus estimate of $4.18, alongside a quarterly revenue of $3.76 billion.

PFG Investments LLC increased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 14.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,491 shares of the business services provider's stock after acquiring an additional 580 shares during the quarter. PFG Investments LLC's holdings in S&P Global were worth $2,368,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Cheviot Value Management LLC purchased a new position in S&P Global during the 1st quarter valued at about $26,000. Costello Asset Management INC purchased a new position in S&P Global during the 1st quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in S&P Global during the 2nd quarter valued at about $26,000. Smallwood Wealth Investment Management LLC purchased a new position in S&P Global during the 1st quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock valued at $31,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on SPGI shares. Citigroup lifted their target price on S&P Global from $600.00 to $635.00 and gave the company a "buy" rating in a report on Monday, September 15th. Barclays lifted their price target on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Oppenheimer lifted their price target on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. lifted their price target on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Finally, Morgan Stanley lifted their price target on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $614.46.

S&P Global Stock Performance

NYSE:SPGI opened at $481.84 on Thursday. The business has a 50 day moving average of $537.56 and a 200 day moving average of $515.09. The company has a market capitalization of $147.11 billion, a price-to-earnings ratio of 37.06, a PEG ratio of 2.61 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 released its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share 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 the consensus estimate of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.S&P Global's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

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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