Hilltop National Bank Acquires New Position in S&P Global Inc. $SPGI

Hilltop National Bank bought a new position in shares of S&P Global Inc. (NYSE:SPGI) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 224 shares of the business services provider’s stock, valued at approximately $118,000.

A number of other hedge funds also recently added to or reduced their stakes in SPGI. Brighton Jones LLC raised its stake in shares of S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after acquiring an additional 143 shares in the last quarter. Breakwater Capital Group purchased a new stake in S&P Global during the 1st quarter worth about $317,000. Procyon Advisors LLC raised its position in S&P Global by 11.7% in the 1st quarter. Procyon Advisors LLC now owns 3,536 shares of the business services provider’s stock valued at $1,797,000 after purchasing an additional 370 shares in the last quarter. SeaCrest Wealth Management LLC boosted its stake in shares of S&P Global by 2.1% in the 1st quarter. SeaCrest Wealth Management LLC now owns 1,132 shares of the business services provider’s stock valued at $575,000 after buying an additional 23 shares during the period. Finally, Impact Capital Partners LLC boosted its stake in shares of S&P Global by 5.1% in the 1st quarter. Impact Capital Partners LLC now owns 677 shares of the business services provider’s stock valued at $344,000 after buying an additional 33 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SPGI. Morgan Stanley raised their target price on shares of S&P Global from $595.00 to $615.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Oppenheimer raised their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a research report on Saturday, September 27th. Citigroup increased their target price on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. Finally, Barclays lifted their price target on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $614.46.

S&P Global Stock Up 0.7%

S&P Global stock opened at $479.88 on Friday. The company has a market capitalization of $146.51 billion, a P/E ratio of 36.91, a PEG ratio of 2.56 and a beta of 1.19. 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 Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The stock has a 50-day simple moving average of $535.36 and a 200-day simple moving average of $515.03.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping the consensus estimate of $4.18 by $0.25. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous 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 expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

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