Sachetta LLC Buys 22 Shares of S&P Global Inc. $SPGI

Sachetta LLC grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 37.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 80 shares of the business services provider’s stock after acquiring an additional 22 shares during the quarter. Sachetta LLC’s holdings in S&P Global were worth $42,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SPGI. Costello Asset Management INC bought a new stake in shares of S&P Global during the 1st quarter worth $26,000. Cheviot Value Management LLC bought a new stake in shares of S&P Global during the 1st quarter worth $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of S&P Global during the 2nd quarter worth $26,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of S&P Global during the 1st quarter worth $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in shares of S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after buying an additional 31 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SPGI. JPMorgan Chase & Co. upped their price objective on S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Morgan Stanley upped their target price on 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 upped their target price on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Oppenheimer upped their target price on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $614.46.

S&P Global Trading Up 0.5%

Shares of SPGI stock opened at $480.91 on Wednesday. The stock has a market cap of $146.82 billion, a price-to-earnings ratio of 36.99, a PEG ratio of 2.54 and a beta of 1.19. The stock has a 50-day moving average of $533.31 and a 200-day 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 1-year low of $427.14 and a 1-year high of $579.05.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.25. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior 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 forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently declared 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 of this dividend 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%.

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.