Sax Wealth Advisors LLC Acquires Shares of 700 S&P Global Inc. $SPGI

Key Points

• Sax Wealth Advisors LLC acquired 700 shares of S&P Global Inc. during the 2nd quarter, valuing their stake at approximately $369,000.
• Institutional investors collectively own 87.17% of S&P Global's stock, with notable increases in holdings from firms like Vanguard Group and Goldman Sachs.
• S&P Global recently reported earnings of $4.43 per share, exceeding expectations and indicating a 5.8% increase in revenue year-over-year.

Sax Wealth Advisors LLC acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 700 shares of the business services provider's stock, valued at approximately $369,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in S&P Global by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider's stock valued at $15,130,711,000 after acquiring an additional 108,729 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of S&P Global by 3.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider's stock valued at $1,618,934,000 after purchasing an additional 114,843 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of S&P Global by 70,734.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider's stock valued at $1,670,671,000 after purchasing an additional 3,163,938 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of S&P Global by 26.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider's stock valued at $1,497,493,000 after purchasing an additional 614,809 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of S&P Global by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider's stock valued at $1,403,468,000 after purchasing an additional 97,324 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Up 1.0%

Shares of SPGI stock opened at $487.25 on Friday. The company's 50-day moving average price is $531.10 and its 200-day moving average price is $514.44. 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 stock has a market cap of $148.76 billion, a price-to-earnings ratio of 37.48, a PEG ratio of 2.56 and a beta of 1.19. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.25. The firm 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 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. As a group, equities analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global's payout ratio is presently 29.54%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SPGI. Barclays lifted their target price 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. Weiss Ratings reaffirmed a "buy (b)" rating on shares of S&P Global in a report on Wednesday. Wells Fargo & Company lifted their target price on shares of S&P Global from $660.00 to $661.00 and gave the company an "overweight" rating in a report on Friday, September 19th. Morgan Stanley lifted their target price on shares of S&P Global from $615.00 to $620.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Oppenheimer boosted 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. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company's stock. According to data from MarketBeat, S&P Global has an average rating of "Buy" and an average price target of $614.85.

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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