SGL Investment Advisors Inc. Makes New Investment in S&P Global Inc. $SPGI

Key Points

• SGL Investment Advisors Inc. acquired a new stake in S&P Global Inc. by purchasing 650 shares valued at approximately $342,000 during the 2nd quarter.
• S&P Global recently reported $4.43 EPS for Q2, exceeding expectations, with a revenue of $3.76 billion, marking a 5.8% increase year-over-year.
• The company declared a quarterly dividend of $0.96 per share, set to be paid on December 10th, with an annualized yield of 0.8%.

SGL Investment Advisors Inc. purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 650 shares of the business services provider's stock, valued at approximately $342,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPGI. Cheviot Value Management LLC purchased a new stake in S&P Global in the 1st quarter worth $26,000. Costello Asset Management INC purchased a new stake in shares of S&P Global during the first quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in S&P Global during the 2nd quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC purchased a new position in S&P Global in the 1st quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC boosted its stake in 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 worth $31,000 after purchasing an additional 31 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Down 0.3%

Shares of NYSE SPGI opened at $478.28 on Tuesday. 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. The business's 50 day moving average is $534.32 and its two-hundred day moving average is $515.02. The stock has a market capitalization of $146.02 billion, a P/E ratio of 36.79, a PEG ratio of 2.55 and a beta of 1.19.

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, beating the consensus estimate of $4.18 by $0.25. The firm had revenue of $3.76 billion for 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%.The company's revenue for the quarter 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, research analysts expect that S&P Global Inc. will post 17.11 EPS 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. Investors of record on Tuesday, November 25th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global's payout ratio is currently 29.54%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a report on Friday, September 19th. JPMorgan Chase & Co. boosted their price target on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Citigroup boosted their target price on S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Weiss Ratings restated a "buy (b)" rating on shares of S&P Global in a report on Saturday, September 27th. Finally, Morgan Stanley lifted their price objective on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $614.46.

S&P Global 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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