GC Wealth Management RIA LLC Acquires New Shares in S&P Global Inc. $SPGI

GC Wealth Management RIA LLC bought a new stake in S&P Global Inc. (NYSE:SPGI) during the 2nd quarter, Holdings Channel reports. The fund bought 2,582 shares of the business services provider’s stock, valued at approximately $1,361,000.

Several other institutional investors also recently modified their holdings of the stock. Stegent Equity Advisors Inc. boosted its stake in S&P Global by 3.1% during the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock worth $335,000 after acquiring an additional 20 shares during the last quarter. Foster Dykema Cabot & Partners LLC raised its holdings in S&P Global by 0.7% in the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock worth $1,453,000 after purchasing an additional 20 shares during the period. Foster Group Inc. boosted its position in shares of S&P Global by 0.9% during the second quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock worth $1,180,000 after purchasing an additional 20 shares in the last quarter. Integrated Investment Consultants LLC grew its holdings in shares of S&P Global by 2.8% in the 1st quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock valued at $387,000 after buying an additional 21 shares during the period. Finally, Hemington Wealth Management increased its position in shares of S&P Global by 8.0% in the 1st quarter. Hemington Wealth Management now owns 284 shares of the business services provider’s stock valued at $144,000 after buying an additional 21 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on SPGI. UBS Group lifted their target price on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. boosted their price objective on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Citigroup raised their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Wells Fargo & Company lifted their price target on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Finally, Barclays increased their price objective on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company. According to MarketBeat.com, S&P Global currently has a consensus rating of “Buy” and a consensus target price of $614.46.

S&P Global Price Performance

NYSE SPGI opened at $490.89 on Tuesday. The firm’s 50 day moving average is $539.09 and its 200-day moving average is $515.52. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $149.87 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 2.61 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.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share 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 business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the firm earned $4.04 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis 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%.

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.