Sachetta LLC Has $42,000 Stock Position in S&P Global Inc. $SPGI

Sachetta LLC grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 37.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80 shares of the business services provider’s stock after purchasing an additional 22 shares during the quarter. Sachetta LLC’s holdings in S&P Global were worth $42,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SPGI. Cheviot Value Management LLC acquired a new position in shares of S&P Global during the 1st quarter worth approximately $26,000. Costello Asset Management INC acquired a new position in shares of S&P Global during the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of S&P Global during the 2nd quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of S&P Global during the 1st quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC increased its position in shares of S&P Global by 103.3% during 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. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of recent analyst reports. 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 report on Tuesday, July 8th. Oppenheimer boosted their target price on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. 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 report on Friday, August 1st. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Barclays boosted their target price 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 research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to MarketBeat, 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 NYSE SPGI opened at $480.91 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The stock’s fifty day moving average price is $533.31 and its two-hundred day moving average price is $514.78. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The firm has a market cap of $146.82 billion, a price-to-earnings ratio of 36.99, a P/E/G ratio of 2.54 and a beta of 1.19.

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

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be issued a $0.96 dividend. 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 is currently 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.