Synergy Asset Management LLC Boosts Holdings in S&P Global Inc. $SPGI

Synergy Asset Management LLC raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 4.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,625 shares of the business services provider’s stock after purchasing an additional 497 shares during the quarter. S&P Global accounts for about 0.8% of Synergy Asset Management LLC’s investment portfolio, making the stock its 27th biggest holding. Synergy Asset Management LLC’s holdings in S&P Global were worth $6,657,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Stegent Equity Advisors Inc. increased its stake in S&P Global by 3.1% during the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock valued at $335,000 after purchasing an additional 20 shares in the last quarter. Foster Dykema Cabot & Partners LLC increased its stake in S&P Global by 0.7% during the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock valued at $1,453,000 after purchasing an additional 20 shares in the last quarter. Foster Group Inc. increased its stake in S&P Global by 0.9% during the 2nd quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock valued at $1,180,000 after purchasing an additional 20 shares in the last quarter. Integrated Investment Consultants LLC increased its stake in S&P Global by 2.8% during the 1st quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock valued at $387,000 after purchasing an additional 21 shares in the last quarter. Finally, Hemington Wealth Management increased its stake in S&P Global by 8.0% during the 1st quarter. Hemington Wealth Management now owns 284 shares of the business services provider’s stock valued at $144,000 after purchasing an additional 21 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

SPGI opened at $476.29 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The company has a market cap of $145.41 billion, a price-to-earnings ratio of 36.64, a PEG ratio of 2.58 and a beta of 1.19. The company’s 50 day moving average is $536.46 and its 200 day moving average is $514.96. 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 posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.18 by $0.25. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate 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 was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $4.04 earnings per share. 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 EPS for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s payout ratio is currently 29.54%.

Analyst Ratings Changes

SPGI has been the subject of a number of research analyst reports. UBS Group lifted their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Citigroup lifted their price target on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Morgan Stanley lifted 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 note on Friday, August 1st. BMO Capital Markets lifted their price target on shares of S&P Global from $604.00 to $621.00 and gave the stock an “outperform” 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 stock an “overweight” rating in a research note on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Buy” and an average price target of $614.46.

S&P Global Company 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.