WPG Advisers LLC Invests $127,000 in S&P Global Inc. $SPGI

WPG Advisers LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 249 shares of the business services provider’s stock, valued at approximately $127,000.

A number of other hedge funds have also modified their holdings of the business. State of Wyoming increased its stake in shares of S&P Global by 138.3% during the 1st quarter. State of Wyoming now owns 622 shares of the business services provider’s stock worth $316,000 after purchasing an additional 361 shares in the last quarter. Tema Etfs LLC increased its stake in shares of S&P Global by 144.5% during the 1st quarter. Tema Etfs LLC now owns 4,662 shares of the business services provider’s stock worth $2,369,000 after purchasing an additional 2,755 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of S&P Global during the 1st quarter worth approximately $1,043,000. Truvestments Capital LLC increased its stake in shares of S&P Global by 592.9% during the 1st quarter. Truvestments Capital LLC now owns 97 shares of the business services provider’s stock worth $49,000 after purchasing an additional 83 shares in the last quarter. Finally, Delta Investment Management LLC increased its stake in shares of S&P Global by 5.9% during the 1st quarter. Delta Investment Management LLC now owns 518 shares of the business services provider’s stock worth $263,000 after purchasing an additional 29 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of S&P Global from $632.00 to $660.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Argus upgraded shares of S&P Global to a “strong-buy” rating in a research report on Friday, May 16th. JPMorgan Chase & Co. raised their target price on shares of S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. BMO Capital Markets raised their target price on shares of S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Finally, Barclays raised 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. One research 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 company’s stock. According to data from MarketBeat, S&P Global currently has a consensus rating of “Buy” and an average target price of $611.69.

S&P Global Stock Up 0.2%

Shares of SPGI opened at $548.61 on Friday. The firm has a market cap of $167.49 billion, a PE ratio of 42.20, a price-to-earnings-growth ratio of 2.93 and a beta of 1.19. The company’s fifty day moving average is $538.99 and its two-hundred day moving average is $514.77. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. 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 announced its quarterly earnings results 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. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. S&P Global’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the business earned $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

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 dividend yield of 0.7%. The ex-dividend date is Tuesday, August 26th. S&P Global’s dividend payout ratio (DPR) is 29.54%.

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.