Aptus Capital Advisors LLC Raises Position in S&P Global Inc. $SPGI

Aptus Capital Advisors LLC boosted its position in S&P Global Inc. (NYSE:SPGI) by 36.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,392 shares of the business services provider’s stock after purchasing an additional 1,432 shares during the period. Aptus Capital Advisors LLC’s holdings in S&P Global were worth $2,739,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SPGI. Stegent Equity Advisors Inc. grew its stake in shares of S&P Global by 3.1% during the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock worth $335,000 after acquiring an additional 20 shares during the period. Foster Dykema Cabot & Partners LLC lifted its holdings in S&P Global by 0.7% during the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock valued at $1,453,000 after purchasing an additional 20 shares during the last quarter. Integrated Investment Consultants LLC boosted its position in S&P Global by 2.8% during the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock worth $387,000 after purchasing an additional 21 shares during the period. Hemington Wealth Management boosted its position in S&P Global by 8.0% during the first quarter. Hemington Wealth Management now owns 284 shares of the business services provider’s stock worth $144,000 after purchasing an additional 21 shares during the period. Finally, Retirement Planning Group LLC increased its stake in shares of S&P Global by 0.4% in the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider’s stock worth $2,870,000 after purchasing an additional 22 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of recent research reports. Stifel Nicolaus dropped their price target on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Oppenheimer boosted their target price on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Argus upgraded S&P Global to a “strong-buy” rating in a research report on Friday, May 16th. Morgan Stanley lifted their price target on S&P Global from $595.00 to $615.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. boosted their price objective on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $611.69.

S&P Global Stock Up 0.6%

SPGI opened at $557.8680 on Thursday. The company has a fifty day moving average price of $532.27 and a 200-day moving average price of $513.26. The firm has a market capitalization of $170.32 billion, a P/E ratio of 42.91, a price-to-earnings-growth ratio of 2.97 and a beta of 1.19. 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 one year low of $427.14 and a one year high of $579.05.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.18 by $0.25. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. S&P Global’s payout ratio is presently 29.54%.

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.