Signature Estate & Investment Advisors LLC Invests $480,000 in S&P Global Inc. $SPGI

Key Points

• Signature Estate & Investment Advisors LLC acquired a new position in S&P Global Inc., purchasing 945 shares valued at approximately $480,000 during the first quarter.
• S&P Global's stock increased by 0.3%, with a current trading price of $547.51 and a market capitalization of $167.16 billion.
• The company reported earnings of $4.43 per share, exceeding analyst expectations, and has announced a quarterly dividend of $0.96 per share.

Signature Estate & Investment Advisors LLC purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 945 shares of the business services provider's stock, valued at approximately $480,000.

Several other institutional investors also recently bought and sold shares of SPGI. Minot DeBlois Advisors LLC acquired a new stake in shares of S&P Global in the fourth quarter worth approximately $25,000. Costello Asset Management INC acquired a new position in S&P Global during the first quarter worth $26,000. Cheviot Value Management LLC acquired a new position in S&P Global during the first quarter worth $26,000. Smallwood Wealth Investment Management LLC acquired a new position in S&P Global during the first quarter worth $28,000. Finally, CBIZ Investment Advisory Services LLC boosted its stake in S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after buying an additional 31 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SPGI has been the topic of several recent analyst reports. Barclays upped their price target on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Argus raised S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. upped their price target on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Wells Fargo & Company increased their target price on S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Oppenheimer increased 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. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $611.69.

S&P Global Stock Down 1.0%

Shares of NYSE SPGI traded down $5.62 on Friday, hitting $545.26. The company had a trading volume of 1,008,379 shares, compared to its average volume of 993,151. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The business has a 50 day moving average of $542.91 and a two-hundred day moving average of $515.19. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $166.47 billion, a P/E ratio of 41.94, a PEG ratio of 2.95 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 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 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 revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th were paid a dividend of $0.96 per share. The ex-dividend date was Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.7%. S&P Global's dividend payout ratio 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.