SCS Capital Management LLC Makes New Investment in S&P Global Inc. $SPGI

Key Points

• SCS Capital Management LLC invested approximately $240,000 in S&P Global Inc. during the 1st quarter by purchasing 473 shares.
• Analysts have shown strong confidence in S&P Global, with several firms increasing their price targets and ratings, resulting in a consensus rating of "Buy" and an average price target of $611.69.
• S&P Global reported earnings of $4.43 per share for the last quarter, surpassing expectations, and announced a quarterly dividend of $0.96 per share.

SCS Capital Management LLC bought a new position in S&P Global Inc. (NYSE:SPGI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 473 shares of the business services provider's stock, valued at approximately $240,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in S&P Global by 20.2% in the 1st quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock worth $2,139,000 after purchasing an additional 708 shares during the last quarter. E Fund Management Co. Ltd. grew its position in S&P Global by 59.7% in the 1st quarter. E Fund Management Co. Ltd. now owns 2,909 shares of the business services provider's stock worth $1,478,000 after purchasing an additional 1,088 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in S&P Global by 1.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock worth $44,102,000 after purchasing an additional 1,166 shares during the last quarter. United Services Automobile Association bought a new position in S&P Global in the 1st quarter worth about $3,692,000. Finally, Linden Thomas Advisory Services LLC grew its position in S&P Global by 5.2% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 10,850 shares of the business services provider's stock worth $5,513,000 after purchasing an additional 536 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on SPGI. Barclays upped their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Argus upgraded shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. UBS Group increased their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Oppenheimer increased their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Finally, Wells Fargo & Company increased their price objective on shares of S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $611.69.

S&P Global Trading Down 1.0%

Shares of NYSE:SPGI opened at $545.26 on Friday. The stock has a market capitalization of $166.47 billion, a price-to-earnings ratio of 41.94, a PEG ratio of 2.95 and a beta of 1.20. 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 quick ratio of 0.98 and a current ratio of 0.98. The company has a 50 day moving average price of $542.91 and a 200 day moving average price of $515.19.

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 for the quarter, topping analysts' consensus estimates of $4.18 by $0.25. The firm had revenue of $3.76 billion during 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 firm's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is presently 29.54%.

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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