Alaethes Wealth LLC Grows Position in S&P Global Inc. $SPGI

Alaethes Wealth LLC lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,200 shares of the business services provider’s stock after buying an additional 126 shares during the period. Alaethes Wealth LLC’s holdings in S&P Global were worth $2,134,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of S&P Global by 20.2% during the first quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider’s stock valued at $2,139,000 after buying an additional 708 shares during the last quarter. E Fund Management Co. Ltd. boosted its position in shares of S&P Global by 59.7% during the first quarter. E Fund Management Co. Ltd. now owns 2,909 shares of the business services provider’s stock valued at $1,478,000 after buying an additional 1,088 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of S&P Global by 1.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider’s stock valued at $44,102,000 after buying an additional 1,166 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its position in shares of S&P Global by 5.2% during the first quarter. Linden Thomas Advisory Services LLC now owns 10,850 shares of the business services provider’s stock valued at $5,513,000 after buying an additional 536 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG boosted its position in shares of S&P Global by 3.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider’s stock valued at $37,093,000 after buying an additional 2,413 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on SPGI. 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 report on Friday, August 1st. Oppenheimer increased their target price on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. increased their target price on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Argus raised S&P Global to a “strong-buy” rating in a report on Friday, May 16th. Finally, Wells Fargo & Company increased their target price on S&P Global from $632.00 to $660.00 and gave the company an “overweight” rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, S&P Global currently has a consensus rating of “Buy” and a consensus target price of $611.69.

S&P Global Stock Up 1.5%

NYSE SPGI opened at $546.31 on Tuesday. The stock’s 50-day moving average price is $541.58 and its 200-day moving average price is $514.58. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The company has a market capitalization of $166.79 billion, a P/E ratio of 42.02, a price-to-earnings-growth ratio of 2.88 and a beta of 1.20.

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

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global’s dividend payout ratio (DPR) is 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.