S&P Global Inc. $SPGI Shares Purchased by CX Institutional

Key Points

• CX Institutional increased its stake in S&P Global Inc. by 6.4%, owning 11,905 shares valued at approximately $6.3 million.
• S&P Global reported earnings per share of $4.43, exceeding analysts' expectations, with revenue of $3.76 billion for the quarter.
• The company announced a quarterly dividend of $0.96, yielding 0.8%, to be paid on December 10th to shareholders on record by November 25th.

CX Institutional boosted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 6.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,905 shares of the business services provider's stock after buying an additional 713 shares during the quarter. CX Institutional's holdings in S&P Global were worth $6,277,000 as of its most recent filing with the Securities and Exchange Commission.

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

S&P Global Trading Down 1.2%

NYSE SPGI opened at $484.79 on Friday. The company has a market cap of $148.01 billion, a P/E ratio of 37.29, a P/E/G ratio of 2.63 and a beta of 1.20. 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 50-day moving average of $540.46 and a 200-day moving average of $514.94.

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 (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 firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the firm earned $4.04 earnings per share. S&P Global'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. As a group, equities analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Citigroup lifted 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 report on Monday, September 15th. 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 report on Friday, August 1st. UBS Group increased their target price on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. boosted their price target on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Finally, Barclays increased their price objective 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. One research analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $614.46.

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.

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