Pallas Capital Advisors LLC Buys 1,073 Shares of S&P Global Inc. $SPGI

Pallas Capital Advisors LLC raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 127.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,912 shares of the business services provider’s stock after purchasing an additional 1,073 shares during the period. Pallas Capital Advisors LLC’s holdings in S&P Global were worth $1,008,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in SPGI. Baron Wealth Management LLC boosted its stake in S&P Global by 2.1% during the second quarter. Baron Wealth Management LLC now owns 2,175 shares of the business services provider’s stock valued at $1,147,000 after buying an additional 44 shares during the last quarter. Aaron Wealth Advisors LLC grew its holdings in shares of S&P Global by 1.2% in the second quarter. Aaron Wealth Advisors LLC now owns 3,472 shares of the business services provider’s stock valued at $1,831,000 after purchasing an additional 42 shares in the last quarter. Divergent Planning LLC bought a new stake in S&P Global in the second quarter worth $303,000. Balefire LLC raised its stake in S&P Global by 71.2% during the second quarter. Balefire LLC now owns 1,058 shares of the business services provider’s stock valued at $558,000 after purchasing an additional 440 shares in the last quarter. Finally, LifePlan Financial LLC bought a new position in S&P Global during the second quarter valued at $561,000. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Down 6.6%

Shares of SPGI opened at $508.39 on Friday. The firm has a market capitalization of $155.21 billion, a price-to-earnings ratio of 39.11, a PEG ratio of 2.91 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a 50-day moving average of $543.36 and a 200 day moving average of $515.32.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the company posted $4.04 earnings per share. The company’s quarterly 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. On average, research 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. Shareholders of record on Tuesday, November 25th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio is currently 29.54%.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of S&P Global from $632.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Morgan Stanley lifted their price target 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 price objective on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday. BMO Capital Markets raised their price objective on S&P Global from $604.00 to $621.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Finally, Oppenheimer boosted their target price on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $614.38.

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.