Elm3 Financial Group LLC Sells 91 Shares of S&P Global Inc. $SPGI

Elm3 Financial Group LLC lowered its stake in S&P Global Inc. (NYSE:SPGI) by 9.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 881 shares of the business services provider’s stock after selling 91 shares during the quarter. Elm3 Financial Group LLC’s holdings in S&P Global were worth $465,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Costello Asset Management INC purchased a new stake in shares of S&P Global in the first quarter worth $26,000. Cheviot Value Management LLC purchased a new stake in S&P Global in the 1st quarter worth $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in S&P Global during the second quarter valued at about $26,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of S&P Global in the first quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in shares of S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 31 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent analyst reports. UBS Group lifted their target price on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. BMO Capital Markets lifted their price objective on shares of S&P Global from $604.00 to $621.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. boosted their target price on shares of S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Oppenheimer raised their target price on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Finally, Citigroup boosted their price target on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $614.46.

S&P Global Price Performance

SPGI stock opened at $478.28 on Tuesday. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. 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 fifty day simple moving average of $534.32 and a two-hundred day simple moving average of $515.02. The firm has a market capitalization of $146.02 billion, a P/E ratio of 36.79, a price-to-earnings-growth ratio of 2.55 and a beta of 1.19.

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

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend 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%.

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.