Petrus Trust Company LTA Takes $479,000 Position in S&P Global Inc. $SPGI

Petrus Trust Company LTA bought a new position in shares of S&P Global Inc. (NYSE:SPGI) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 942 shares of the business services provider’s stock, valued at approximately $479,000.

Several other large investors have also added to or reduced their stakes in SPGI. Graham Capital Management L.P. acquired a new stake in S&P Global in the fourth quarter valued at $14,040,000. GAMMA Investing LLC raised its position in shares of S&P Global by 20.2% in the first quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider’s stock valued at $2,139,000 after purchasing an additional 708 shares during the period. E Fund Management Co. Ltd. raised its position in shares of S&P Global by 59.7% in the first quarter. E Fund Management Co. Ltd. now owns 2,909 shares of the business services provider’s stock valued at $1,478,000 after purchasing an additional 1,088 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in S&P Global by 1.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider’s stock worth $44,102,000 after acquiring an additional 1,166 shares during the period. Finally, Linden Thomas Advisory Services LLC increased its position in S&P Global by 5.2% during the first quarter. Linden Thomas Advisory Services LLC now owns 10,850 shares of the business services provider’s stock worth $5,513,000 after acquiring an additional 536 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Down 0.5%

S&P Global stock opened at $537.61 on Friday. The company has a market capitalization of $164.13 billion, a PE ratio of 41.35, a PEG ratio of 2.88 and a beta of 1.20. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The firm’s fifty day moving average is $541.21 and its 200 day moving average is $514.64. 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 posted its quarterly 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. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business 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. This represents a $3.84 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, August 26th. S&P Global’s dividend payout ratio (DPR) is presently 29.54%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. 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 report on Tuesday, July 8th. Barclays lifted their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. raised their price target 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. Argus upgraded shares of S&P Global to a “strong-buy” rating in a report on Friday, May 16th. Finally, Wells Fargo & Company raised their price target 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. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $611.69.

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.