Exchange Capital Management Inc. Has $1.33 Million Position in S&P Global Inc. $SPGI

Exchange Capital Management Inc. cut its holdings in S&P Global Inc. (NYSE:SPGI) by 3.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,516 shares of the business services provider’s stock after selling 84 shares during the quarter. Exchange Capital Management Inc.’s holdings in S&P Global were worth $1,327,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Cheviot Value Management LLC bought a new position in shares of S&P Global in the first quarter worth about $26,000. Costello Asset Management INC acquired a new stake in shares of S&P Global in the first quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in S&P Global in the 2nd quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new position in S&P Global during the 1st quarter worth $28,000. Finally, CBIZ Investment Advisory Services LLC boosted its position in 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 valued at $31,000 after buying an additional 31 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of S&P Global stock opened at $476.29 on Friday. The stock’s fifty day simple moving average is $536.46 and its 200 day simple moving average is $514.96. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $145.41 billion, a PE ratio of 36.64, a PEG ratio of 2.58 and a beta of 1.19. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the prior year, the company earned $4.04 earnings per share. The company’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, research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. S&P Global’s payout ratio is presently 29.54%.

Analyst Ratings Changes

SPGI has been the topic of several research reports. Morgan Stanley upped their price target on S&P Global from $595.00 to $615.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Citigroup upped their target price on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Wells Fargo & Company lifted their price target on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Oppenheimer increased their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Finally, UBS Group raised their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $614.46.

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.