663 Shares in S&P Global Inc. $SPGI Bought by Community Financial Services Group LLC

Community Financial Services Group LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 663 shares of the business services provider’s stock, valued at approximately $350,000.

Other hedge funds have also added to or reduced their stakes in the company. Stegent Equity Advisors Inc. raised its position in shares of S&P Global by 3.1% in the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock valued at $335,000 after buying an additional 20 shares in the last quarter. Foster Dykema Cabot & Partners LLC raised its position in shares of S&P Global by 0.7% in the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock valued at $1,453,000 after buying an additional 20 shares in the last quarter. Foster Group Inc. raised its position in shares of S&P Global by 0.9% in the second quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock valued at $1,180,000 after buying an additional 20 shares in the last quarter. Integrated Investment Consultants LLC raised its position in shares of S&P Global by 2.8% in the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock valued at $387,000 after buying an additional 21 shares in the last quarter. Finally, Hemington Wealth Management raised its position in shares of S&P Global by 8.0% in the first quarter. Hemington Wealth Management now owns 284 shares of the business services provider’s stock valued at $144,000 after buying an additional 21 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on SPGI. Morgan Stanley lifted 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 report on Friday, August 1st. UBS Group lifted their price target on shares of S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Oppenheimer lifted 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 report on Wednesday, July 2nd. JPMorgan Chase & Co. lifted 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 report on Monday, July 21st. Finally, BMO Capital Markets lifted their price objective on shares of S&P Global from $604.00 to $621.00 and gave the company 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 issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $614.46.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $481.84 on Thursday. The company’s 50 day simple moving average is $537.56 and its 200 day simple moving average is $515.09. The stock has a market capitalization of $147.11 billion, a price-to-earnings ratio of 37.06, a price-to-earnings-growth ratio of 2.61 and a beta of 1.19. 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 1 year low of $427.14 and a 1 year high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.25. The business 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 firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

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

S&P Global 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.