S&P Global Inc. $SPGI Shares Bought by Capital Investment Advisors LLC

Key Points

• Capital Investment Advisors LLC increased its holdings in S&P Global Inc. by 206.7% during the 2nd quarter, now owning 1,607 shares worth approximately $848,000.
• S&P Global recently reported earnings per share (EPS) of $4.43 for the quarter, surpassing analysts' expectations, and announced a quarterly dividend of $0.96 per share.
• Several analysts have raised their price targets for S&P Global, with Morgan Stanley setting a new target price of $615.00 and a consensus price target of $614.46 across multiple ratings.

Capital Investment Advisors LLC grew its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 206.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,607 shares of the business services provider's stock after purchasing an additional 1,083 shares during the period. Capital Investment Advisors LLC's holdings in S&P Global were worth $848,000 as of its most recent filing with the Securities & Exchange Commission.

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 shares of S&P Global in the 1st quarter valued at approximately $26,000. Costello Asset Management INC acquired a new position 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 approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of S&P Global in the first quarter valued at $28,000. Finally, CBIZ Investment Advisory Services LLC raised its stake 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 valued at $31,000 after acquiring an additional 31 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Down 1.0%

SPGI stock opened at $481.84 on Thursday. S&P Global Inc. has a 12 month low of $427.14 and a 12 month 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 company has a market cap of $147.11 billion, a price-to-earnings ratio of 37.06, a price-to-earnings-growth ratio of 2.61 and a beta of 1.19. The company has a fifty day moving average price of $537.56 and a 200 day moving average price of $515.09.

S&P Global (NYSE:SPGI - Get Free Report) last announced its 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. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same period in the prior year, the company earned $4.04 earnings per share. The business's revenue was up 5.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be issued a $0.96 dividend. 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 presently 29.54%.

Analysts Set New Price Targets

SPGI has been the subject of several analyst reports. Morgan Stanley boosted their target price 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. Citigroup upped their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Wells Fargo & Company lifted their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a research report on Friday, September 19th. Oppenheimer increased their target price on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Finally, BMO Capital Markets boosted their target price on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus 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.

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