National Wealth Management Group LLC Makes New Investment in S&P Global Inc. $SPGI

National Wealth Management Group LLC bought a new position in S&P Global Inc. (NYSE:SPGI) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 2,482 shares of the business services provider’s stock, valued at approximately $1,208,000.

A number of other institutional investors have also recently made changes to their positions in SPGI. Vanguard Group Inc. lifted its stake in shares of S&P Global by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock valued at $15,868,750,000 after purchasing an additional 315,916 shares during the last quarter. TCI Fund Management Ltd. boosted its stake in S&P Global by 7.0% during the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after buying an additional 730,354 shares during the period. Geode Capital Management LLC increased its position in S&P Global by 0.6% during the second quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock valued at $3,565,889,000 after acquiring an additional 42,724 shares during the last quarter. Norges Bank purchased a new stake in shares of S&P Global in the second quarter valued at $2,188,945,000. Finally, Valeo Financial Advisors LLC raised its stake in shares of S&P Global by 70,734.1% in the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after acquiring an additional 3,163,938 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE SPGI opened at $533.12 on Monday. The stock has a 50-day moving average of $514.76 and a 200 day moving average of $517.24. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The stock has a market capitalization of $161.43 billion, a price-to-earnings ratio of 38.77, a PEG ratio of 2.27 and a beta of 1.21. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 30th. The business services provider reported $4.73 EPS for the quarter, topping the consensus estimate of $4.26 by $0.47. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period in the previous year, the business earned $3.89 EPS. S&P Global’s quarterly revenue was up 8.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. Sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be issued a $0.97 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $3.88 annualized dividend and a dividend yield of 0.7%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio (DPR) is presently 27.93%.

Analyst Ratings Changes

Several brokerages have issued reports on SPGI. JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Mizuho increased their price objective on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. The Goldman Sachs Group reissued a “buy” rating and set a $640.00 target price on shares of S&P Global in a research report on Tuesday, December 16th. Morgan Stanley lifted their price target on S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Finally, Stifel Nicolaus decreased their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $615.64.

About S&P Global

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.