Anchor Investment Management LLC Has $2.21 Million Stock Position in S&P Global Inc. $SPGI

Anchor Investment Management LLC reduced its stake in S&P Global Inc. (NYSE:SPGI) by 5.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,350 shares of the business services provider’s stock after selling 237 shares during the quarter. Anchor Investment Management LLC’s holdings in S&P Global were worth $2,210,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stegent Equity Advisors Inc. grew its stake in shares of S&P Global by 3.1% during the 1st 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 during the period. Foster Dykema Cabot & Partners LLC grew its stake in shares of S&P Global by 0.7% during the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock worth $1,453,000 after acquiring an additional 20 shares during the period. Integrated Investment Consultants LLC grew its stake in shares of S&P Global by 2.8% during the 1st quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock worth $387,000 after acquiring an additional 21 shares during the period. Hemington Wealth Management grew its stake in shares of S&P Global by 8.0% during 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 during the period. Finally, Retirement Planning Group LLC grew its stake in shares of S&P Global by 0.4% during the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider’s stock worth $2,870,000 after acquiring an additional 22 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on SPGI shares. Morgan Stanley increased their price target on S&P Global from $595.00 to $615.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Barclays increased their price target on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. BMO Capital Markets increased their price objective on S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. UBS Group increased their price objective on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company increased their price objective on S&P Global from $632.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $611.69.

S&P Global Stock Performance

NYSE:SPGI opened at $547.51 on Wednesday. The business’s 50-day moving average price is $541.94 and its two-hundred day moving average price is $514.81. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The stock has a market cap of $167.16 billion, a P/E ratio of 42.12, a PEG ratio of 2.92 and a beta of 1.20. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last released 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. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter last year, the firm posted $4.04 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be issued a $0.96 dividend. 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 (DPR) 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.