Belpointe Asset Management LLC Has $2.09 Million Holdings in S&P Global Inc. $SPGI

Belpointe Asset Management LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,968 shares of the business services provider’s stock after selling 140 shares during the period. Belpointe Asset Management LLC’s holdings in S&P Global were worth $2,092,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of SPGI. Divergent Planning LLC acquired a new stake in S&P Global in the second quarter worth $303,000. Dynamic Advisor Solutions LLC boosted its position in shares of S&P Global by 6.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock worth $6,568,000 after purchasing an additional 733 shares in the last quarter. SCS Capital Management LLC acquired a new stake in shares of S&P Global in the 1st quarter valued at about $240,000. Foster Victor Wealth Advisors LLC increased its position in S&P Global by 4.6% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider’s stock valued at $16,562,000 after buying an additional 1,383 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in S&P Global during the 1st quarter worth approximately $386,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the subject of a number of research reports. Wells Fargo & Company raised their price objective 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. UBS Group lifted 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. Morgan Stanley upped their price objective on shares of S&P Global from $595.00 to $615.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a research note on Saturday, September 27th. Finally, Citigroup lifted their price objective on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $614.46.

S&P Global Stock Performance

Shares of SPGI stock opened at $478.28 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. The firm has a 50-day moving average of $534.32 and a 200-day moving average of $515.02. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The company has a market cap of $146.02 billion, a P/E ratio of 36.79, a P/E/G ratio of 2.55 and a beta of 1.19.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.25. The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders 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 dividend yield of 0.8%. S&P Global’s dividend payout ratio is currently 29.54%.

About S&P Global

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.