CGN Advisors LLC Acquires Shares of 384 S&P Global Inc. $SPGI

CGN Advisors LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI) in the second quarter, Holdings Channel reports. The institutional investor acquired 384 shares of the business services provider’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPGI. Nuveen LLC purchased a new position in S&P Global in the first quarter valued at $1,103,665,000. GAMMA Investing LLC increased its holdings in S&P Global by 60,982.3% in the first quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider’s stock valued at $1,086,877,000 after buying an additional 2,135,599 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in S&P Global by 70.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider’s stock valued at $826,819,000 after buying an additional 670,392 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in S&P Global by 26.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock valued at $1,497,493,000 after buying an additional 614,809 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in S&P Global by 37.9% in the first quarter. Alliancebernstein L.P. now owns 766,154 shares of the business services provider’s stock valued at $389,283,000 after buying an additional 210,373 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Citigroup boosted their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. UBS Group boosted their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Barclays boosted 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 note on Thursday, July 31st. Finally, BMO Capital Markets boosted 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 note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company. According to data from MarketBeat.com, S&P Global presently has an average rating of “Buy” and an average target price of $614.46.

S&P Global Stock Performance

SPGI opened at $496.09 on Wednesday. The firm has a market capitalization of $151.46 billion, a PE ratio of 38.16, a PEG ratio of 2.71 and a beta of 1.20. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The firm’s 50-day moving average price is $541.95 and its 200 day moving average price is $515.14. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.25. The firm 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 expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a dividend of $0.96 per share. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. S&P Global’s payout ratio is presently 29.54%.

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.