S&P Global Inc. $SPGI Shares Purchased by Valeo Financial Advisors LLC

Key Points

• Valeo Financial Advisors LLC significantly increased its stake in S&P Global Inc. by 70,734.1%, owning approximately 3.17 million shares worth $1.67 billion, making it the firm's 4th largest position.
• Analysts have raised their price targets for S&P Global to as high as $621.00, with a consensus rating of "Buy" and an average price target of $614.46.
• S&P Global reported earnings of $4.43 per share, exceeding expectations, and plans to pay a quarterly dividend of $0.96 per share on December 10th.

Valeo Financial Advisors LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 70,734.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,168,411 shares of the business services provider's stock after purchasing an additional 3,163,938 shares during the period. S&P Global accounts for about 5.1% of Valeo Financial Advisors LLC's holdings, making the stock its 4th biggest position. Valeo Financial Advisors LLC owned approximately 1.03% of S&P Global worth $1,670,671,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

SPGI has been the subject of a number of research analyst reports. Barclays raised their price objective on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. UBS Group lifted their price objective on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. BMO Capital Markets upped their price objective on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Seaport Res Ptn raised shares of S&P Global to a "strong-buy" rating in a research report on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of S&P Global in a report on Saturday, September 27th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to MarketBeat, S&P Global has an average rating of "Buy" and a consensus price target of $614.46.

S&P Global Trading Up 0.7%

Shares of SPGI stock opened at $479.88 on Monday. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The business's fifty day moving average is $535.36 and its 200 day moving average is $515.15. 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 company has a market capitalization of $146.51 billion, a PE ratio of 36.91, a price-to-earnings-growth ratio of 2.55 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.25. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter last year, the firm posted $4.04 EPS. The company'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. On average, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

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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