Simplicity Wealth LLC Has $782,000 Position in S&P Global Inc. $SPGI

Key Points

• Simplicity Wealth LLC increased its stake in S&P Global Inc. by 133% during the 2nd quarter, bringing its total investment to $782,000 across 1,484 shares.
• S&P Global reported a 5.8% year-over-year revenue increase for the quarter, with earnings per share of $4.43, surpassing analysts' estimates of $4.18.
• The firm declared a quarterly dividend of $0.96 per share, with an ex-dividend date on November 25th, representing an annual yield of 0.8%.

Simplicity Wealth LLC boosted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 133.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,484 shares of the business services provider's stock after buying an additional 847 shares during the quarter. Simplicity Wealth LLC's holdings in S&P Global were worth $782,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Costello Asset Management INC acquired a new position in shares of S&P Global in the 1st quarter valued at about $26,000. Cheviot Value Management LLC acquired a new position in shares of S&P Global in the 1st quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of S&P Global in the 2nd quarter valued at about $26,000. Smallwood Wealth Investment Management LLC acquired 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 stake 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 purchasing an additional 31 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of SPGI opened at $480.91 on Wednesday. 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 stock has a 50 day moving average price of $533.31 and a two-hundred day moving average price of $514.78. The firm has a market capitalization of $146.82 billion, a P/E ratio of 36.99, a P/E/G ratio of 2.54 and a beta of 1.19. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 EPS 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 analyst estimates 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% on a year-over-year basis. During the same period 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. Equities analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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

Analyst Ratings Changes

SPGI has been the topic of a number of research reports. Morgan Stanley upped their price target 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. Wells Fargo & Company upped their price target on S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a research note on Friday, September 19th. Oppenheimer upped their price target on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Seaport Res Ptn raised S&P Global to a "strong-buy" rating in a research note on Wednesday, October 1st. Finally, Barclays upped their price target on S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $614.46.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.