Kingswood Wealth Advisors LLC Sells 282 Shares of S&P Global Inc. $SPGI

Kingswood Wealth Advisors LLC reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 17.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,363 shares of the business services provider’s stock after selling 282 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in S&P Global were worth $719,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cheviot Value Management LLC bought a new position in shares of S&P Global during the 1st quarter worth approximately $26,000. Costello Asset Management INC bought a new position in shares of S&P Global in the first quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of S&P Global in the second quarter valued at $26,000. Smallwood Wealth Investment Management LLC bought a new position in shares of S&P Global in the first quarter valued at $28,000. Finally, CBIZ Investment Advisory Services LLC grew its stake in shares of S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after buying an additional 31 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Up 0.2%

SPGI opened at $482.20 on Thursday. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $147.22 billion, a P/E ratio of 37.09, a P/E/G ratio of 2.56 and a beta of 1.19. The stock has a fifty day moving average of $532.35 and a 200-day moving average of $514.56.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the firm earned $4.04 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is currently 29.54%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Barclays raised their target price on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. BMO Capital Markets raised their target price on shares of S&P Global from $604.00 to $621.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. UBS Group raised their target price on shares of S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. raised their target price on shares of S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $614.46.

S&P Global 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.