617 Shares in S&P Global Inc. $SPGI Purchased by MBB Public Markets I LLC

MBB Public Markets I LLC purchased a new position in S&P Global Inc. (NYSE:SPGI) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 617 shares of the business services provider’s stock, valued at approximately $313,000.

Several other institutional investors have also modified their holdings of the business. Stegent Equity Advisors Inc. lifted its stake in shares of S&P Global by 3.1% in the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock worth $335,000 after acquiring an additional 20 shares in the last quarter. Foster Dykema Cabot & Partners LLC raised its stake in S&P Global by 0.7% during the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock valued at $1,453,000 after buying an additional 20 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in S&P Global by 2.8% during the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock valued at $387,000 after buying an additional 21 shares in the last quarter. Hemington Wealth Management grew its position in shares of S&P Global by 8.0% in the 1st quarter. Hemington Wealth Management now owns 284 shares of the business services provider’s stock worth $144,000 after acquiring an additional 21 shares in the last quarter. Finally, Retirement Planning Group LLC increased its holdings in shares of S&P Global by 0.4% in the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider’s stock valued at $2,870,000 after acquiring an additional 22 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SPGI shares. Wells Fargo & Company boosted their price target on S&P Global from $632.00 to $660.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Morgan Stanley boosted their price target on S&P Global from $595.00 to $615.00 and gave the company an “overweight” rating in a report on Friday, August 1st. BMO Capital Markets boosted their price target on S&P Global from $604.00 to $621.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Barclays boosted their price target on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, Argus upgraded S&P Global to a “strong-buy” rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $611.69.

S&P Global Stock Up 0.3%

NYSE:SPGI opened at $547.51 on Wednesday. The firm has a market capitalization of $167.16 billion, a PE ratio of 42.12, a price-to-earnings-growth ratio of 2.92 and a beta of 1.20. The stock has a 50 day moving average of $541.94 and a 200-day moving average of $514.81. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. 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 (NYSE:SPGI) last posted its earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS 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 analyst estimates 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 revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

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