S&P Global Inc. $SPGI Shares Sold by Phraction Management LLC

Phraction Management LLC trimmed its position in S&P Global Inc. (NYSE:SPGI) by 0.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,642 shares of the business services provider’s stock after selling 194 shares during the period. S&P Global makes up approximately 3.6% of Phraction Management LLC’s portfolio, making the stock its 8th biggest position. Phraction Management LLC’s holdings in S&P Global were worth $11,412,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SPGI. Brighton Jones LLC lifted its holdings in shares of S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after purchasing an additional 143 shares in the last quarter. ST Germain D J Co. Inc. raised its holdings in S&P Global by 9.5% during the first quarter. ST Germain D J Co. Inc. now owns 357 shares of the business services provider’s stock worth $181,000 after buying an additional 31 shares during the last quarter. Lake Street Private Wealth LLC lifted its stake in shares of S&P Global by 12.1% in the first quarter. Lake Street Private Wealth LLC now owns 463 shares of the business services provider’s stock valued at $235,000 after buying an additional 50 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of S&P Global by 31.4% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,219 shares of the business services provider’s stock valued at $3,160,000 after buying an additional 1,485 shares during the last quarter. Finally, Chatham Capital Group Inc. increased its position in shares of S&P Global by 3.4% during the first quarter. Chatham Capital Group Inc. now owns 4,549 shares of the business services provider’s stock worth $2,311,000 after acquiring an additional 149 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 1.1%

Shares of SPGI opened at $476.29 on Friday. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The business has a 50-day moving average of $536.46 and a 200 day moving average of $514.96. The firm has a market cap of $145.41 billion, a P/E ratio of 36.64, a price-to-earnings-growth ratio of 2.58 and a beta of 1.19. 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 (NYSE:SPGI) last issued its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.25. The firm had revenue of $3.76 billion during 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%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, research analysts forecast 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. Investors of record on Tuesday, November 25th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is 29.54%.

Analyst Upgrades and Downgrades

SPGI has been the topic of several recent research reports. Oppenheimer raised their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Barclays lifted their price objective on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a report on Wednesday. Wells Fargo & Company boosted their price target on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Finally, UBS Group boosted their target price 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. Two investment analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the stock. According to MarketBeat.com, the company presently has an average 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.