First Pacific Financial Lowers Holdings in S&P Global Inc. $SPGI

First Pacific Financial lessened its stake in S&P Global Inc. (NYSE:SPGI) by 69.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 49 shares of the business services provider’s stock after selling 113 shares during the quarter. First Pacific Financial’s holdings in S&P Global were worth $26,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Cheviot Value Management LLC purchased a new position in shares of S&P Global in the 1st quarter worth about $26,000. Costello Asset Management INC purchased a new position in shares of S&P Global in the 1st quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of S&P Global in the 2nd quarter worth about $26,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of S&P Global in the 1st quarter worth about $28,000. Finally, CBIZ Investment Advisory Services LLC raised its position in shares of S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after purchasing an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. BMO Capital Markets boosted their target price on S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Barclays boosted their target price on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. boosted their target price on S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. UBS Group boosted their target price on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Finally, Citigroup boosted their target price on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $614.46.

S&P Global Price Performance

NYSE SPGI opened at $481.84 on Thursday. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The firm has a market capitalization of $147.11 billion, a P/E ratio of 37.06, a PEG ratio of 2.61 and a beta of 1.19. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average price of $537.56 and a 200-day moving average price of $515.09.

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, beating the consensus estimate of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the prior year, the firm earned $4.04 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend 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 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.