Wealth Enhancement Advisory Services LLC Has $45.81 Million Stock Holdings in S&P Global Inc. $SPGI

Wealth Enhancement Advisory Services LLC grew its position in S&P Global Inc. (NYSE:SPGI) by 4.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 95,184 shares of the business services provider’s stock after buying an additional 4,455 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in S&P Global were worth $45,805,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. MTM Investment Management LLC acquired a new position in S&P Global during the 2nd quarter valued at about $27,000. J.Safra Asset Management Corp acquired a new position in S&P Global in the third quarter valued at approximately $29,000. Spurstone Advisory Services LLC bought a new position in S&P Global in the second quarter valued at approximately $34,000. Howard Hughes Medical Institute acquired a new stake in S&P Global during the 2nd quarter worth $36,000. Finally, Solstein Capital LLC bought a new stake in shares of S&P Global during the 2nd quarter valued at $38,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of S&P Global stock opened at $519.36 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $157.26 billion, a price-to-earnings ratio of 37.77, a price-to-earnings-growth ratio of 2.33 and a beta of 1.21. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The stock’s 50-day moving average is $512.53 and its 200-day moving average is $517.11.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share for the quarter, topping analysts’ consensus estimates of $4.26 by $0.47. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the firm posted $3.89 EPS. The business’s revenue was up 8.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. Equities analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be paid a dividend of $0.97 per share. The ex-dividend date is Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio (DPR) is currently 28.22%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $640.00 price objective on shares of S&P Global in a research note on Tuesday, December 16th. Morgan Stanley upped their price target on S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Stifel Nicolaus reduced their price objective on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. Finally, Mizuho lifted their price target on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $615.64.

S&P Global Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.