S&P Global Inc. $SPGI Shares Sold by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 5.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,811 shares of the business services provider’s stock after selling 100 shares during the quarter. Greenwood Capital Associates LLC’s holdings in S&P Global were worth $955,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Costello Asset Management INC acquired a new stake in shares of S&P Global during the 1st quarter worth approximately $26,000. Cheviot Value Management LLC acquired a new stake in shares of S&P Global during the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of S&P Global during the 2nd quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of S&P Global during the 1st quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in shares of S&P Global by 103.3% during 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 in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 0.7%

Shares of SPGI stock opened at $479.88 on Friday. The stock’s fifty day moving average is $535.36 and its two-hundred day moving average is $514.89. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $146.51 billion, a P/E ratio of 36.91, a PEG ratio of 2.55 and a beta of 1.19. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data 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. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s payout ratio is currently 29.54%.

Analysts Set New Price Targets

SPGI has been the topic of a number of recent analyst reports. Oppenheimer increased their target price 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. Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a research report on Saturday, September 27th. Barclays increased their target price on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. UBS Group increased their target price on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Finally, Morgan Stanley increased their target price on S&P Global from $595.00 to $615.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. Based on data from MarketBeat, S&P Global currently 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.