Optas LLC Has $492,000 Position in S&P Global Inc. $SPGI

Optas LLC boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 3.4% during the second quarter, Holdings Channel reports. The fund owned 934 shares of the business services provider’s stock after purchasing an additional 31 shares during the period. Optas LLC’s holdings in S&P Global were worth $492,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in SPGI. Cheviot Value Management LLC acquired a new stake in S&P Global during the 1st quarter valued at $26,000. Costello Asset Management INC acquired a new stake in S&P Global during the 1st quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in S&P Global during the 2nd quarter valued at $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in S&P Global during the 1st quarter valued at $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after purchasing 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 Up 1.0%

Shares of NYSE SPGI opened at $487.25 on Friday. 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 Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The stock has a market capitalization of $148.76 billion, a P/E ratio of 37.48, a PEG ratio of 2.56 and a beta of 1.19. The stock’s fifty day moving average is $531.10 and its 200 day moving average is $514.44.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping 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 company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter last year, the business earned $4.04 earnings per share. S&P Global’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. Sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is presently 29.54%.

Analysts Set New Price Targets

SPGI has been the subject of several research reports. BMO Capital Markets raised their price target on S&P Global from $604.00 to $621.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a report on Wednesday. Morgan Stanley lifted their target price on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday. UBS Group lifted their target price on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company lifted 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. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat.com, S&P Global currently has a consensus rating of “Buy” and a consensus price target of $614.85.

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.