Embree Financial Group Purchases 35 Shares of S&P Global Inc. $SPGI

Embree Financial Group increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,031 shares of the business services provider’s stock after acquiring an additional 35 shares during the quarter. Embree Financial Group’s holdings in S&P Global were worth $544,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. CX Institutional boosted its stake in S&P Global by 6.4% during the second quarter. CX Institutional now owns 11,905 shares of the business services provider’s stock worth $6,277,000 after acquiring an additional 713 shares in the last quarter. Banque Pictet & Cie SA boosted its stake in S&P Global by 1.3% during the second quarter. Banque Pictet & Cie SA now owns 16,357 shares of the business services provider’s stock worth $8,625,000 after acquiring an additional 210 shares in the last quarter. Dakota Wealth Management bought a new position in S&P Global during the second quarter worth $232,000. Plancorp LLC boosted its stake in S&P Global by 15.3% during the second quarter. Plancorp LLC now owns 680 shares of the business services provider’s stock worth $359,000 after acquiring an additional 90 shares in the last quarter. Finally, Motive Wealth Advisors bought a new position in S&P Global during the second quarter worth $217,000. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

SPGI has been the topic of several research analyst reports. UBS Group increased 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. Wells Fargo & Company increased their target price on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Morgan Stanley upped their price objective on shares of S&P Global from $595.00 to $615.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Oppenheimer upped their price objective on shares of S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Finally, Citigroup upped their price objective on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Buy” and an average target price of $614.46.

S&P Global Stock Performance

Shares of SPGI stock opened at $484.79 on Friday. The firm has a 50-day moving average of $540.46 and a 200-day moving average of $514.94. The company has a market cap of $148.01 billion, a P/E ratio of 37.29, a P/E/G ratio of 2.63 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05.

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

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be issued a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. 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.