Diversified Enterprises LLC Sells 64 Shares of S&P Global Inc. $SPGI

Diversified Enterprises LLC cut its holdings in S&P Global Inc. (NYSE:SPGI) by 8.7% during the 2nd quarter, Holdings Channel reports. The fund owned 669 shares of the business services provider’s stock after selling 64 shares during the period. Diversified Enterprises LLC’s holdings in S&P Global were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cheviot Value Management LLC bought a new position in shares of S&P Global during the 1st quarter worth approximately $26,000. Costello Asset Management INC acquired a new position in shares of S&P Global in the first quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in S&P Global in the second quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in S&P Global in the 1st quarter valued at $28,000. Finally, CBIZ Investment Advisory Services LLC increased its stake in 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 valued at $31,000 after buying an additional 31 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

Shares of SPGI opened at $487.66 on Friday. The firm has a market cap of $148.88 billion, a PE ratio of 37.51, a P/E/G ratio of 2.61 and a beta of 1.20. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $539.72 and a two-hundred day simple moving average of $515.24. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the company posted $4.04 earnings per share. The company’s quarterly 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 analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

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

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of recent research reports. UBS Group boosted their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. lifted their price target on S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Wells Fargo & Company upped their price target on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. BMO Capital Markets increased their price target on S&P Global from $604.00 to $621.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, Barclays raised their price objective on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. One 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.com, the company currently has a consensus rating of “Buy” and a consensus target price of $614.46.

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.