Ameliora Wealth Management Ltd. Sells 450 Shares of S&P Global Inc. $SPGI

Ameliora Wealth Management Ltd. decreased its stake in S&P Global Inc. (NYSE:SPGI) by 32.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 936 shares of the business services provider’s stock after selling 450 shares during the period. Ameliora Wealth Management Ltd.’s holdings in S&P Global were worth $494,000 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 stock. Divergent Planning LLC acquired a new stake in S&P Global in the 2nd quarter worth $303,000. Dynamic Advisor Solutions LLC lifted its stake in shares of S&P Global by 6.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock valued at $6,568,000 after buying an additional 733 shares during the period. SCS Capital Management LLC acquired a new stake in S&P Global during the first quarter worth about $240,000. Foster Victor Wealth Advisors LLC grew its position in S&P Global by 4.6% during the second quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider’s stock worth $16,562,000 after buying an additional 1,383 shares in the last quarter. Finally, Caxton Associates LLP bought a new position in S&P Global during the first quarter valued at about $386,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.3%

Shares of NYSE SPGI opened at $478.28 on Tuesday. The stock has a market cap of $146.02 billion, a PE ratio of 36.79, a PEG ratio of 2.55 and a beta of 1.19. The business has a fifty day moving average of $534.32 and a two-hundred day moving average of $515.02. S&P Global Inc. has a 52-week low of $427.14 and a 52-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.

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 the consensus estimate of $4.18 by $0.25. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SPGI. Morgan Stanley raised their price objective on S&P Global from $595.00 to $615.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Citigroup upped their target price on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a research note on Saturday, September 27th. Oppenheimer increased their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. raised 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. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to MarketBeat.com, S&P Global has an average rating of “Buy” and a consensus target price 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.