Elm3 Financial Group LLC Sells 91 Shares of S&P Global Inc. $SPGI

Elm3 Financial Group LLC lessened its position in S&P Global Inc. (NYSE:SPGI) by 9.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 881 shares of the business services provider’s stock after selling 91 shares during the quarter. Elm3 Financial Group LLC’s holdings in S&P Global were worth $465,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Motiv8 Investments LLC raised its position in S&P Global by 10.8% in the 2nd quarter. Motiv8 Investments LLC now owns 2,478 shares of the business services provider’s stock worth $1,307,000 after purchasing an additional 242 shares during the period. D.B. Root & Company LLC grew its stake in shares of S&P Global by 128.6% during the second quarter. D.B. Root & Company LLC now owns 1,054 shares of the business services provider’s stock valued at $556,000 after buying an additional 593 shares during the last quarter. Relyea Zuckerberg Hanson LLC raised its holdings in shares of S&P Global by 4.4% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 964 shares of the business services provider’s stock worth $508,000 after buying an additional 41 shares during the period. Confluence Wealth Services Inc. lifted its stake in shares of S&P Global by 1.7% during the 2nd quarter. Confluence Wealth Services Inc. now owns 2,039 shares of the business services provider’s stock worth $1,075,000 after acquiring an additional 34 shares during the last quarter. Finally, Valley National Advisers Inc. boosted its holdings in S&P Global by 21.4% during the 2nd quarter. Valley National Advisers Inc. now owns 142 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 25 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Down 0.3%

NYSE SPGI opened at $478.28 on Tuesday. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. 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 company has a market capitalization of $146.02 billion, a price-to-earnings ratio of 36.79, a price-to-earnings-growth ratio of 2.55 and a beta of 1.19. The company’s 50-day simple moving average is $534.32 and its two-hundred day simple moving average is $515.02.

S&P Global (NYSE:SPGI) last announced 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 firm had revenue of $3.76 billion during 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 company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities analysts forecast that S&P Global Inc. will post 17.11 EPS 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. Stockholders of record on Tuesday, November 25th will be issued a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is currently 29.54%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Citigroup upped their price target 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. BMO Capital Markets lifted their price objective on shares of S&P Global from $604.00 to $621.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Morgan Stanley upped their target price 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, 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. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Buy” and a consensus price target of $614.46.

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.