Prime Capital Investment Advisors LLC Has $3.49 Million Stock Holdings in S&P Global Inc. $SPGI

Prime Capital Investment Advisors LLC cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 29.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,613 shares of the business services provider’s stock after selling 2,820 shares during the period. Prime Capital Investment Advisors LLC’s holdings in S&P Global were worth $3,487,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Costello Asset Management INC acquired a new position in shares of S&P Global in the 1st quarter worth approximately $26,000. Cheviot Value Management LLC acquired a new position in shares of S&P Global in the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of S&P Global in the 2nd quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of S&P Global in 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% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after purchasing an additional 31 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of SPGI stock opened at $480.91 on Wednesday. The firm has a market capitalization of $146.82 billion, a PE ratio of 36.99, a price-to-earnings-growth ratio of 2.54 and a beta of 1.19. The firm has a fifty day simple moving average of $533.31 and a two-hundred day simple moving average of $514.78. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS 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 business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the business posted $4.04 EPS. S&P Global’s quarterly 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 forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date 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 presently 29.54%.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of recent analyst reports. Morgan Stanley boosted 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 report on Friday, August 1st. 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 research note 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 research note on Friday, August 1st. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, UBS Group lifted their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average 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.