S&P Global Inc. $SPGI Position Increased by Foster Victor Wealth Advisors LLC

Key Points

• Foster Victor Wealth Advisors LLC raised its stake in S&P Global Inc. by 4.6% during the second quarter, owning 31,323 shares worth approximately $16.56 million.
• Multiple investment firms have recently upgraded their price targets on S&P Global, with an average target price of $614.46 and a consensus rating of "Buy."
• S&P Global announced a quarterly dividend of $0.96 per share, payable on December 10th, with a current dividend yield of 0.8%.

Foster Victor Wealth Advisors LLC raised its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 4.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,323 shares of the business services provider's stock after buying an additional 1,383 shares during the period. Foster Victor Wealth Advisors LLC's holdings in S&P Global were worth $16,562,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Costello Asset Management INC purchased a new stake in shares of S&P Global during the first quarter valued at $26,000. Cheviot Value Management LLC acquired a new stake in S&P Global during the 1st quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in S&P Global during the 2nd quarter worth about $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in S&P Global during the first quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in shares of S&P Global by 103.3% in 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 period. 87.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SPGI. Wells Fargo & Company boosted their price target 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. JPMorgan Chase & Co. lifted their price objective on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. BMO Capital Markets increased their target price on S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Morgan Stanley lifted their price target on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Barclays increased their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $614.46.

S&P Global Stock Performance

Shares of SPGI stock opened at $496.09 on Wednesday. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The stock's 50-day moving average is $541.95 and its two-hundred day moving average is $515.14. 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 firm has a market cap of $151.46 billion, a P/E ratio of 38.16, a PEG ratio of 2.71 and a beta of 1.20.

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 (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.25. The business 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 firm's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. The ex-dividend date 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 dividend payout ratio (DPR) is currently 29.54%.

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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