Vaughan David Investments LLC IL Sells 2,462 Shares of S&P Global Inc. $SPGI

Vaughan David Investments LLC IL reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,747 shares of the business services provider’s stock after selling 2,462 shares during the period. S&P Global accounts for approximately 1.2% of Vaughan David Investments LLC IL’s portfolio, making the stock its 26th largest position. Vaughan David Investments LLC IL’s holdings in S&P Global were worth $55,849,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SPGI. Emerald Advisers LLC increased its stake in shares of S&P Global by 2.0% during the second quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock valued at $480,000 after buying an additional 18 shares during the period. Fullcircle Wealth LLC boosted its stake in shares of S&P Global by 1.0% during the 2nd quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock valued at $984,000 after purchasing an additional 18 shares in the last quarter. Summitry LLC grew its holdings in shares of S&P Global by 2.1% during the 2nd quarter. Summitry LLC now owns 883 shares of the business services provider’s stock worth $466,000 after acquiring an additional 18 shares during the period. Hamilton Capital LLC raised its holdings in S&P Global by 4.5% in the second quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock worth $220,000 after purchasing an additional 18 shares in the last quarter. Finally, Sand Hill Global Advisors LLC boosted its stake in S&P Global by 3.1% during the second quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock worth $333,000 after acquiring an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SPGI shares. The Goldman Sachs Group reiterated a “buy” rating and set a $640.00 price objective on shares of S&P Global in a research note on Tuesday, December 16th. Mizuho increased their price target on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. Evercore ISI upped their price target on shares of S&P Global from $629.00 to $632.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Finally, Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company. According to MarketBeat, S&P Global has a consensus rating of “Buy” and a consensus target price of $615.64.

S&P Global Stock Performance

NYSE SPGI opened at $539.50 on Tuesday. The firm has a market capitalization of $163.36 billion, a P/E ratio of 39.73, a PEG ratio of 2.33 and a beta of 1.21. The stock has a 50-day simple moving average of $512.08 and a two-hundred day simple moving average of $517.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 30th. The business services provider reported $4.73 EPS for the quarter, topping the consensus estimate of $4.26 by $0.47. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.77 billion. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.S&P Global’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $3.89 earnings per share. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. On average, equities analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, February 25th. This is an increase from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio is currently 27.93%.

S&P Global Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.