State of Wyoming Has $316,000 Stock Holdings in S&P Global Inc. $SPGI

State of Wyoming lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 138.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 622 shares of the business services provider’s stock after buying an additional 361 shares during the period. State of Wyoming’s holdings in S&P Global were worth $316,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SPGI. Minot DeBlois Advisors LLC acquired a new position in shares of S&P Global during the 4th quarter worth about $25,000. Cheviot Value Management LLC bought a new stake in shares of S&P Global in the 1st quarter valued at about $26,000. Costello Asset Management INC bought a new stake in shares of S&P Global in the 1st quarter valued at about $26,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of S&P Global in the 1st quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings in shares of S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 31 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SPGI shares. Argus raised shares of S&P Global to a “strong-buy” rating in a report on Friday, May 16th. Barclays upped their target price on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Wells Fargo & Company upped their target price on shares of S&P Global from $632.00 to $660.00 and gave the company an “overweight” rating in a report on Friday, August 1st. UBS Group upped their target price on shares of S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Finally, Morgan Stanley upped their target price on shares of S&P Global from $595.00 to $615.00 and gave the company an “overweight” rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, S&P Global presently has a consensus rating of “Buy” and an average price target of $611.69.

S&P Global Stock Up 0.2%

S&P Global stock opened at $548.61 on Tuesday. The stock has a market cap of $167.49 billion, a P/E ratio of 42.20, a P/E/G ratio of 2.94 and a beta of 1.20. 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 Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The company’s 50-day moving average price is $539.66 and its two-hundred day moving average price is $514.53.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.25. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

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 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global’s dividend payout ratio is currently 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.