S&P Global Inc. $SPGI Shares Bought by Mattern Capital Management LLC

Mattern Capital Management LLC increased its position in S&P Global Inc. (NYSE:SPGI) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,166 shares of the business services provider’s stock after purchasing an additional 258 shares during the quarter. S&P Global accounts for 1.3% of Mattern Capital Management LLC’s portfolio, making the stock its 13th largest position. Mattern Capital Management LLC’s holdings in S&P Global were worth $11,161,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SPGI. Brighton Jones LLC boosted its stake in shares of S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after purchasing an additional 143 shares during the period. ST Germain D J Co. Inc. boosted its stake in shares of S&P Global by 9.5% in the first quarter. ST Germain D J Co. Inc. now owns 357 shares of the business services provider’s stock valued at $181,000 after purchasing an additional 31 shares during the period. Lake Street Private Wealth LLC boosted its stake in shares of S&P Global by 12.1% in the first quarter. Lake Street Private Wealth LLC now owns 463 shares of the business services provider’s stock valued at $235,000 after purchasing an additional 50 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of S&P Global by 31.4% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,219 shares of the business services provider’s stock valued at $3,160,000 after purchasing an additional 1,485 shares during the period. Finally, Chatham Capital Group Inc. boosted its stake in shares of S&P Global by 3.4% in the first quarter. Chatham Capital Group Inc. now owns 4,549 shares of the business services provider’s stock valued at $2,311,000 after purchasing an additional 149 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Down 1.1%

Shares of NYSE:SPGI opened at $476.29 on Friday. The stock has a market capitalization of $145.41 billion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 2.58 and a beta of 1.19. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company’s fifty day moving average is $536.46 and its two-hundred day moving average is $514.96. 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 issued 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 company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis 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 is 29.54%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. 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 note on Monday, September 15th. JPMorgan Chase & Co. increased their price objective on shares of S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Wells Fargo & Company increased their price objective on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. UBS Group increased 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. Finally, 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 research note on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average 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.