Robertson Stephens Wealth Management LLC Raises Holdings in S&P Global Inc. $SPGI

Key Points

• Robertson Stephens Wealth Management LLC increased its holdings in S&P Global Inc. by 28.7%, acquiring an additional 1,420 shares during the second quarter, raising the total to 6,367 shares valued at $3,357,000.
• S&P Global reported earnings of $4.43 per share for the last quarter, surpassing analysts' expectations, with a revenue of $3.76 billion, marking a 5.8% year-over-year increase.
• The company announced a quarterly dividend of $0.96 per share, accompanied by a 0.8% yield, with the payment date set for December 10th.

Robertson Stephens Wealth Management LLC grew its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 28.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,367 shares of the business services provider's stock after acquiring an additional 1,420 shares during the quarter. Robertson Stephens Wealth Management LLC's holdings in S&P Global were worth $3,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Costello Asset Management INC bought a new stake in S&P Global in the 1st quarter worth approximately $26,000. Cheviot Value Management LLC purchased a new stake in S&P Global during the first quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in S&P Global during the second quarter valued at $26,000. Smallwood Wealth Investment Management LLC bought a new position in shares of S&P Global in the 1st quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in shares of S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock valued at $31,000 after acquiring an additional 31 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Up 1.0%

Shares of SPGI opened at $487.25 on Friday. The firm has a market capitalization of $148.76 billion, a P/E ratio of 37.48, a P/E/G ratio of 2.56 and a beta of 1.19. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average price of $531.10 and a 200-day moving average price of $514.44.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.18 by $0.25. The firm 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 business's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Barclays increased their price target on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Oppenheimer lifted their target price on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. BMO Capital Markets lifted their target price 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 boosted their price objective on shares of S&P Global from $600.00 to $635.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Finally, Seaport Res Ptn upgraded shares of S&P Global to a "strong-buy" rating in a research report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $614.85.

About S&P Global

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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