S.E.E.D. Planning Group LLC Buys 644 Shares of S&P Global Inc. $SPGI

S.E.E.D. Planning Group LLC increased its stake in S&P Global Inc. (NYSE:SPGI) by 31.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,722 shares of the business services provider’s stock after acquiring an additional 644 shares during the quarter. S.E.E.D. Planning Group LLC’s holdings in S&P Global were worth $1,436,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Costello Asset Management INC bought a new stake in shares of S&P Global in the 1st quarter valued at $26,000. Cheviot Value Management LLC bought a new stake in S&P Global during the 1st quarter valued at $26,000. Smallwood Wealth Investment Management LLC bought a new stake in S&P Global during the 1st quarter valued at $28,000. CBIZ Investment Advisory Services LLC increased its stake in S&P Global by 103.3% during 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 in the last quarter. Finally, eCIO Inc. bought a new stake in S&P Global during the 1st quarter valued at $32,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 1.0%

SPGI opened at $545.26 on Monday. 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 company’s 50-day moving average is $542.91 and its 200 day moving average is $515.02. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The firm has a market capitalization of $166.47 billion, a P/E ratio of 41.94, a PEG ratio of 2.91 and a beta of 1.20.

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 analysts’ consensus estimates of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the firm earned $4.04 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. 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 business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th were 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 of this dividend was Tuesday, August 26th. S&P Global’s payout ratio is 29.54%.

Analysts Set New Price Targets

A number of analysts have commented on SPGI shares. Morgan Stanley boosted their price target on shares of S&P Global from $595.00 to $615.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Oppenheimer boosted their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Wells Fargo & Company boosted their price target on shares of S&P Global from $632.00 to $660.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. JPMorgan Chase & Co. boosted their price target on shares of S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Finally, Barclays boosted their price target on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. One 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price 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.