Arkadios Wealth Advisors Has $3.86 Million Position in S&P Global Inc. $SPGI

Arkadios Wealth Advisors grew its position in shares of S&P Global Inc. (NYSE:SPGI) by 55.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,939 shares of the business services provider’s stock after purchasing an additional 2,847 shares during the quarter. Arkadios Wealth Advisors’ holdings in S&P Global were worth $3,864,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avantax Advisory Services Inc. grew its stake in shares of S&P Global by 4.1% in the 2nd quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock worth $11,314,000 after acquiring an additional 850 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of S&P Global by 1.1% during the second quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock valued at $15,868,750,000 after purchasing an additional 315,916 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in S&P Global by 4.4% during the third quarter. Asset Management One Co. Ltd. now owns 171,580 shares of the business services provider’s stock worth $83,510,000 after purchasing an additional 7,179 shares during the last quarter. Ninety One UK Ltd grew its position in S&P Global by 0.8% in the 2nd quarter. Ninety One UK Ltd now owns 928,559 shares of the business services provider’s stock worth $489,620,000 after purchasing an additional 7,553 shares in the last quarter. Finally, D.A. Davidson & CO. grew its position in S&P Global by 4.3% in the 3rd quarter. D.A. Davidson & CO. now owns 174,517 shares of the business services provider’s stock worth $84,940,000 after purchasing an additional 7,258 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating and issued a $640.00 target price on shares of S&P Global in a research note on Tuesday, December 16th. BMO Capital Markets set a $546.00 price target on S&P Global in a report on Friday, November 14th. William Blair restated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Mizuho raised their target price on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Finally, Stifel Nicolaus lowered their target price on 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. Two equities research analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the stock. According to MarketBeat.com, S&P Global presently has an average rating of “Buy” and an average price target of $615.64.

S&P Global Stock Down 4.9%

Shares of NYSE SPGI opened at $519.36 on Wednesday. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. 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 business’s fifty day moving average price is $512.53 and its 200-day moving average price is $517.11. The stock has a market capitalization of $157.26 billion, a PE ratio of 37.77, a P/E/G ratio of 2.33 and a beta of 1.21.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 30th. The business services provider reported $4.73 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the firm posted $3.89 EPS. The firm’s revenue for the quarter 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. On average, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 0.7%. This is an increase from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Wednesday, February 25th. S&P Global’s payout ratio is presently 27.93%.

S&P Global Company 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.