Ameritas Advisory Services LLC Has $211,000 Stock Position in S&P Global Inc. $SPGI

Ameritas Advisory Services LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 59.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 400 shares of the business services provider’s stock after selling 598 shares during the quarter. Ameritas Advisory Services LLC’s holdings in S&P Global were worth $211,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SPGI. Nuveen LLC acquired a new stake in shares of S&P Global during the 1st quarter worth about $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of S&P Global by 70.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider’s stock worth $826,819,000 after purchasing an additional 670,392 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of S&P Global by 26.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock worth $1,497,493,000 after purchasing an additional 614,809 shares in the last quarter. Alliancebernstein L.P. grew its holdings in S&P Global by 37.9% during the 1st quarter. Alliancebernstein L.P. now owns 766,154 shares of the business services provider’s stock worth $389,283,000 after acquiring an additional 210,373 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in S&P Global by 667.7% during the 1st quarter. Jones Financial Companies Lllp now owns 237,051 shares of the business services provider’s stock worth $131,181,000 after acquiring an additional 206,174 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $480.91 on Wednesday. The company has a market capitalization of $146.82 billion, a price-to-earnings ratio of 36.99, a P/E/G ratio of 2.54 and a beta of 1.19. The firm’s 50 day simple moving average is $533.31 and its 200 day simple moving average is $514.78. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week 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 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.25. The business 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%. S&P Global’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the company posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently announced 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. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is 29.54%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Morgan Stanley increased their price objective on shares of S&P Global from $595.00 to $615.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Wells Fargo & Company increased their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. JPMorgan Chase & Co. increased their price objective on shares of S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Citigroup increased their price objective 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. Finally, UBS Group increased their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to MarketBeat.com, S&P Global currently has an average rating of “Buy” and a consensus target price 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.