Catalina Capital Group LLC Sells 162 Shares of S&P Global Inc. $SPGI

Catalina Capital Group LLC lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 26.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 454 shares of the business services provider’s stock after selling 162 shares during the period. Catalina Capital Group LLC’s holdings in S&P Global were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Stegent Equity Advisors Inc. boosted its holdings in S&P Global by 3.1% during the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock worth $335,000 after buying an additional 20 shares during the last quarter. Foster Dykema Cabot & Partners LLC boosted its holdings in S&P Global by 0.7% during the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock worth $1,453,000 after buying an additional 20 shares during the last quarter. Foster Group Inc. boosted its holdings in S&P Global by 0.9% during the second quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock worth $1,180,000 after buying an additional 20 shares during the last quarter. Integrated Investment Consultants LLC boosted its holdings in S&P Global by 2.8% during the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock worth $387,000 after buying an additional 21 shares during the last quarter. Finally, Hemington Wealth Management boosted its holdings in S&P Global by 8.0% during the first quarter. Hemington Wealth Management now owns 284 shares of the business services provider’s stock worth $144,000 after buying an additional 21 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wells Fargo & Company raised their target price on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. BMO Capital Markets lifted their price objective on S&P Global from $604.00 to $621.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Finally, Citigroup lifted their price objective on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $614.46.

S&P Global Stock Down 1.1%

Shares of S&P Global stock opened at $476.29 on Friday. The business’s 50 day simple moving average is $536.46 and its 200 day simple moving average is $514.96. 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 cap of $145.41 billion, a PE ratio of 36.64, a P/E/G ratio of 2.58 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 (NYSE:SPGI) last announced its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (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 business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the firm earned $4.04 EPS. S&P Global’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. On average, analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors 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 yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) 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.