Wealth Enhancement Advisory Services LLC Has $45.81 Million Holdings in S&P Global Inc. $SPGI

Wealth Enhancement Advisory Services LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 4.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,184 shares of the business services provider’s stock after buying an additional 4,455 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in S&P Global were worth $45,805,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. boosted its position in S&P Global by 4.1% during the second quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock worth $11,314,000 after purchasing an additional 850 shares during the period. Vanguard Group Inc. lifted its stake in shares of S&P Global by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after buying an additional 315,916 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of S&P Global by 4.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 171,580 shares of the business services provider’s stock worth $83,510,000 after buying an additional 7,179 shares during the period. Ninety One UK Ltd grew its stake in S&P Global by 0.8% in the 2nd quarter. Ninety One UK Ltd now owns 928,559 shares of the business services provider’s stock valued at $489,620,000 after buying an additional 7,553 shares during the last quarter. Finally, D.A. Davidson & CO. raised its holdings in S&P Global by 4.3% in the 3rd quarter. D.A. Davidson & CO. now owns 174,517 shares of the business services provider’s stock valued at $84,940,000 after acquiring an additional 7,258 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Down 4.9%

Shares of S&P Global stock opened at $519.36 on Wednesday. The firm has a market capitalization of $157.26 billion, a PE ratio of 37.77, a price-to-earnings-growth ratio of 2.33 and a beta of 1.21. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $512.53 and its 200 day moving average is $517.11. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share for the quarter, topping analysts’ consensus estimates of $4.26 by $0.47. The firm had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.77 billion. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.89 earnings per share. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.7%. S&P Global’s payout ratio is 28.22%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SPGI. Stifel Nicolaus reduced their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday, October 31st. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 29th. JPMorgan Chase & Co. lowered their price target on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Finally, William Blair reiterated an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Two investment analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $615.64.

About S&P Global

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.