S&P Global Inc. $SPGI Stock Position Decreased by Bourgeon Capital Management LLC

Bourgeon Capital Management LLC lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 37.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 746 shares of the business services provider’s stock after selling 453 shares during the quarter. Bourgeon Capital Management LLC’s holdings in S&P Global were worth $393,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of SPGI. Cheviot Value Management LLC acquired a new position in S&P Global during the 1st quarter valued at about $26,000. Costello Asset Management INC acquired a new stake in shares of S&P Global in the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of S&P Global in the 2nd quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in S&P Global during the first quarter valued at approximately $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on SPGI. UBS Group upped their price target on shares of S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Wells Fargo & Company upped their price objective 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. JPMorgan Chase & Co. increased their price target 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. Morgan Stanley increased their price target on shares of S&P Global from $595.00 to $615.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Oppenheimer raised their target price on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $614.46.

S&P Global Price Performance

Shares of S&P Global stock opened at $490.89 on Tuesday. 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 fifty-two week low of $427.14 and a fifty-two week high of $579.05. The firm has a fifty day moving average price of $539.09 and a two-hundred day moving average price of $515.52. The company has a market cap 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 (NYSE:SPGI) last issued its quarterly 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 firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the prior year, the firm earned $4.04 EPS. The business’s revenue was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

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