Goldstone Financial Group LLC Grows Stake in S&P Global Inc. $SPGI

Goldstone Financial Group LLC increased its stake in S&P Global Inc. (NYSE:SPGI) by 40.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,085 shares of the business services provider’s stock after acquiring an additional 310 shares during the period. Goldstone Financial Group LLC’s holdings in S&P Global were worth $575,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPGI. Cheviot Value Management LLC purchased a new position in S&P Global in the first quarter worth about $26,000. Costello Asset Management INC bought a new stake in S&P Global in the first quarter worth about $26,000. Smallwood Wealth Investment Management LLC bought a new stake in S&P Global in the first quarter worth about $28,000. CBIZ Investment Advisory Services LLC lifted its stake in 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 purchasing an additional 31 shares during the last quarter. Finally, eCIO Inc. bought a new stake in S&P Global in the first quarter worth about $32,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on SPGI shares. JPMorgan Chase & Co. raised 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 note on Monday, July 21st. BMO Capital Markets raised their price objective on shares of S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. UBS Group raised their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Oppenheimer raised their price objective on shares of S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Finally, Wells Fargo & Company lifted their price target on shares of S&P Global from $632.00 to $660.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $614.38.

S&P Global Stock Performance

S&P Global stock opened at $543.51 on Tuesday. The company has a 50 day moving average price of $543.18 and a 200-day moving average price of $515.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The company has a market capitalization of $165.93 billion, a PE ratio of 41.81, a P/E/G ratio of 2.91 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data 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 company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. S&P Global’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, equities analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 26th. S&P Global’s dividend payout ratio (DPR) is presently 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.