Braun Bostich & Associates Inc. Sells 74 Shares of S&P Global Inc. $SPGI

Braun Bostich & Associates Inc. trimmed its position in S&P Global Inc. (NYSE:SPGI) by 15.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 417 shares of the business services provider’s stock after selling 74 shares during the quarter. Braun Bostich & Associates Inc.’s holdings in S&P Global were worth $220,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPGI. Brighton Jones LLC grew its position in S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after acquiring an additional 143 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of S&P Global by 3.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider’s stock valued at $37,093,000 after acquiring an additional 2,413 shares in the last quarter. GHE LLC raised its stake in S&P Global by 2.1% in the fourth quarter. GHE LLC now owns 13,504 shares of the business services provider’s stock worth $6,725,000 after buying an additional 274 shares in the last quarter. Silvercrest Asset Management Group LLC raised its stake in S&P Global by 13.0% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 6,790 shares of the business services provider’s stock worth $3,382,000 after buying an additional 783 shares in the last quarter. Finally, Tema Etfs LLC acquired a new position in shares of S&P Global during the fourth quarter worth $950,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $545.26 on Monday. The company’s fifty day moving average price is $542.91 and its 200 day moving average price is $515.02. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $166.47 billion, a P/E ratio of 41.94, a P/E/G ratio of 2.91 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 EPS 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 quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $4.04 earnings per share. 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 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th were given a dividend of $0.96 per share. The ex-dividend date was Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.7%. S&P Global’s payout ratio is presently 29.54%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Oppenheimer boosted their price objective 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. Morgan Stanley increased their target price on shares of S&P Global from $595.00 to $615.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. JPMorgan Chase & Co. upped their price target 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 upped their price target 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, UBS Group increased their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target 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.