S&P Global Inc. $SPGI Shares Bought by Capital Investment Advisors LLC

Capital Investment Advisors LLC grew its position in S&P Global Inc. (NYSE:SPGI) by 206.7% during the 2nd quarter, Holdings Channel reports. The fund owned 1,607 shares of the business services provider’s stock after buying an additional 1,083 shares during the quarter. Capital Investment Advisors LLC’s holdings in S&P Global were worth $848,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in S&P Global during the first quarter worth $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of S&P Global by 70.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider’s stock worth $826,819,000 after purchasing an additional 670,392 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of S&P Global by 26.4% in the 1st 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 purchasing an additional 614,809 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of 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 purchasing an additional 210,373 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of S&P Global by 667.7% in the first quarter. Jones Financial Companies Lllp now owns 237,051 shares of the business services provider’s stock valued at $131,181,000 after purchasing an additional 206,174 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

S&P Global stock opened at $481.84 on Thursday. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The company has a market capitalization of $147.11 billion, a price-to-earnings ratio of 37.06, a PEG ratio of 2.61 and a beta of 1.19. The stock has a fifty day moving average of $537.56 and a two-hundred day moving average of $515.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98.

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

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given a $0.96 dividend. 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 currently 29.54%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Citigroup increased their target price on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. Wells Fargo & Company raised their price objective on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. JPMorgan Chase & Co. lifted their price objective on S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. BMO Capital Markets upped their target price on S&P Global from $604.00 to $621.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Finally, Barclays raised their price target on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $614.46.

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.