S&P Global Inc. $SPGI Shares Acquired by Jacobi Capital Management LLC

Jacobi Capital Management LLC grew its position in S&P Global Inc. (NYSE:SPGI) by 0.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,889 shares of the business services provider’s stock after acquiring an additional 22 shares during the period. Jacobi Capital Management LLC’s holdings in S&P Global were worth $1,468,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. 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 worth $2,139,000 after acquiring an additional 708 shares during the period. E Fund Management Co. Ltd. raised its position in shares of S&P Global by 59.7% during the 1st quarter. E Fund Management Co. Ltd. now owns 2,909 shares of the business services provider’s stock worth $1,478,000 after purchasing an additional 1,088 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in S&P Global by 1.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider’s stock valued at $44,102,000 after buying an additional 1,166 shares in the last quarter. United Services Automobile Association purchased a new position in S&P Global in the 1st quarter valued at about $3,692,000. Finally, Linden Thomas Advisory Services LLC lifted its stake in S&P Global by 5.2% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 10,850 shares of the business services provider’s stock valued at $5,513,000 after buying an additional 536 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 2.1%

Shares of NYSE SPGI opened at $551.06 on Friday. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The stock has a market cap of $168.24 billion, a PE ratio of 42.39, a P/E/G ratio of 2.89 and a beta of 1.20. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average of $542.63 and a 200 day moving average of $515.11.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the prior year, the company 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. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th were paid a $0.96 dividend. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. S&P Global’s dividend payout ratio is 29.54%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of S&P Global from $632.00 to $660.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. BMO Capital Markets raised their price target on shares of S&P Global from $604.00 to $621.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. UBS Group raised their price target on shares of S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Oppenheimer raised their price target 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, Barclays raised their price target on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. One research 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, S&P Global has a consensus rating of “Buy” and an average target price of $611.69.

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.