Little House Capital LLC Grows Stake in S&P Global Inc. $SPGI

Little House Capital LLC increased its stake in S&P Global Inc. (NYSE:SPGI) by 5.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,507 shares of the business services provider’s stock after acquiring an additional 82 shares during the period. Little House Capital LLC’s holdings in S&P Global were worth $795,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPGI. Stegent Equity Advisors Inc. grew its holdings in S&P Global by 3.1% in the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock worth $335,000 after purchasing an additional 20 shares during the last quarter. Foster Dykema Cabot & Partners LLC grew its holdings in S&P Global by 0.7% in 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 purchasing an additional 20 shares during the last quarter. Integrated Investment Consultants LLC grew its holdings in S&P Global by 2.8% in the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock worth $387,000 after purchasing an additional 21 shares during the last quarter. Hemington Wealth Management grew its holdings in S&P Global by 8.0% in the first quarter. Hemington Wealth Management now owns 284 shares of the business services provider’s stock worth $144,000 after purchasing an additional 21 shares during the last quarter. Finally, Retirement Planning Group LLC grew its holdings in S&P Global by 0.4% in the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider’s stock worth $2,870,000 after purchasing an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

NYSE:SPGI opened at $543.51 on Tuesday. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $165.93 billion, a price-to-earnings ratio of 41.81, a PEG ratio of 2.91 and a beta of 1.20. The firm’s fifty day moving average is $543.18 and its two-hundred day moving average is $515.09.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating the consensus estimate of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company 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 company earned $4.04 earnings per share. The firm’s revenue 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. Research analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 26th. S&P Global’s dividend payout ratio is presently 29.54%.

Analyst Upgrades and Downgrades

SPGI has been the topic of several analyst reports. Oppenheimer lifted their price target on shares of S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Barclays boosted their price objective on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Wells Fargo & Company boosted their price objective on shares of S&P Global from $632.00 to $660.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Morgan Stanley boosted their price objective on shares of S&P Global from $595.00 to $615.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $614.38.

About S&P Global

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.