S&P Global Inc. $SPGI Stock Position Raised by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. grew its position in S&P Global Inc. (NYSE:SPGI) by 11.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,313 shares of the business services provider’s stock after purchasing an additional 134 shares during the period. Global X Japan Co. Ltd.’s holdings in S&P Global were worth $692,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cheviot Value Management LLC bought a new position in S&P Global in the 1st quarter worth about $26,000. Costello Asset Management INC bought a new position in S&P Global in the 1st quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in S&P Global in the 2nd quarter worth about $26,000. Smallwood Wealth Investment Management LLC bought a new position in S&P Global in the 1st quarter worth about $28,000. Finally, CBIZ Investment Advisory Services LLC grew 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 worth $31,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Morgan Stanley upped their price target on shares of S&P Global from $595.00 to $615.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Barclays upped their price target on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Wells Fargo & Company increased their target price 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. Finally, Oppenheimer increased 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. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Buy” and a consensus target price of $614.46.

S&P Global Stock Down 0.1%

S&P Global stock opened at $507.21 on Friday. The firm has a market cap of $154.85 billion, a PE ratio of 39.02, a P/E/G ratio of 2.72 and a beta of 1.20. 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’s 50 day moving average price is $542.96 and its two-hundred day moving average price is $515.26. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.25. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.04 EPS. 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 fiscal year.

S&P Global Dividend Announcement

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

S&P Global Company 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.