WBI Investments LLC Sells 2,360 Shares of S&P Global Inc. $SPGI

WBI Investments LLC lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 65.1% during the first quarter, HoldingsChannel.com reports. The firm owned 1,263 shares of the business services provider’s stock after selling 2,360 shares during the period. WBI Investments LLC’s holdings in S&P Global were worth $642,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SPGI. Minot DeBlois Advisors LLC acquired a new position in S&P Global during the fourth quarter worth $25,000. Cheviot Value Management LLC acquired a new position in S&P Global during the first quarter worth $26,000. Costello Asset Management INC acquired a new position in S&P Global during the first quarter worth $26,000. Smallwood Wealth Investment Management LLC acquired a new position in S&P Global during the first quarter worth $28,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings in S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after buying an additional 31 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

NYSE:SPGI opened at $540.01 on Thursday. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The company has a market cap of $164.86 billion, a P/E ratio of 41.54, a P/E/G ratio of 2.93 and a beta of 1.20. The firm’s fifty day moving average price is $542.23 and its two-hundred day moving average price is $514.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98.

S&P Global (NYSE:SPGI) last released 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 business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the prior year, the company posted $4.04 earnings per share. S&P Global’s revenue 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. Equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

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

Wall Street Analyst Weigh In

SPGI has been the topic of a number of recent analyst reports. Argus upgraded shares of S&P Global to a “strong-buy” rating in a report on Friday, May 16th. JPMorgan Chase & Co. boosted their target price on shares of S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. UBS Group boosted their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Wells Fargo & Company boosted their target price on shares of S&P Global from $632.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, Morgan Stanley upped 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. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $611.69.

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.