Relyea Zuckerberg Hanson LLC Has $508,000 Stock Position in S&P Global Inc. $SPGI

Relyea Zuckerberg Hanson LLC grew its holdings in S&P Global Inc. (NYSE:SPGI) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 964 shares of the business services provider’s stock after purchasing an additional 41 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in S&P Global were worth $508,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Cheviot Value Management LLC bought a new position in shares of S&P Global in the 1st quarter worth $26,000. Costello Asset Management INC bought a new position in shares of S&P Global during the first quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in S&P Global during the second quarter worth $26,000. Smallwood Wealth Investment Management LLC bought a new position in shares of S&P Global in the 1st quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings in S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after buying an additional 31 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the subject of several research analyst reports. Wells Fargo & Company lifted their target price on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. UBS Group boosted their target price on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Barclays upped their target price on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Morgan Stanley raised their target price 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. Finally, Oppenheimer raised their target price on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $614.46.

S&P Global Trading Up 0.7%

Shares of SPGI stock opened at $479.88 on Monday. The firm has a market cap of $146.51 billion, a P/E ratio of 36.91, a PEG ratio of 2.55 and a beta of 1.19. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $535.36 and a 200-day moving average of $515.15. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.65 billion. During the same period in the previous year, the business earned $4.04 EPS. S&P Global’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. Sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

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