Chatham Capital Group Inc. Increases Holdings in S&P Global Inc. $SPGI

Chatham Capital Group Inc. grew its position in shares of S&P Global Inc. (NYSE:SPGI) by 10.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,022 shares of the business services provider’s stock after buying an additional 473 shares during the quarter. Chatham Capital Group Inc.’s holdings in S&P Global were worth $2,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of SPGI. Divergent Planning LLC bought a new stake in shares of S&P Global during the 2nd quarter valued at about $303,000. Dynamic Advisor Solutions LLC grew its position in S&P Global by 6.3% during the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock valued at $6,568,000 after buying an additional 733 shares during the period. SCS Capital Management LLC purchased a new stake in S&P Global during the first quarter valued at approximately $240,000. Foster Victor Wealth Advisors LLC raised its position in S&P Global by 4.6% in the second quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider’s stock worth $16,562,000 after acquiring an additional 1,383 shares during the period. Finally, Caxton Associates LLP bought a new position in S&P Global in the first quarter worth approximately $386,000. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SPGI shares. Citigroup upped their price objective on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Morgan Stanley boosted 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. UBS Group raised their price objective on 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 lifted their price objective on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Finally, BMO Capital Markets increased their target price on shares of S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company. According to data from MarketBeat, S&P Global has an average rating of “Buy” and an average target price of $614.46.

S&P Global Trading Up 0.6%

SPGI stock opened at $487.66 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The business has a 50 day simple moving average of $539.72 and a two-hundred day simple moving average of $515.24. The company has a market capitalization of $148.88 billion, a price-to-earnings ratio of 37.51, a PEG ratio of 2.61 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping the consensus estimate of $4.18 by $0.25. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company 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. 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 payout ratio is 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.