William Blair Equities Analysts Cut Earnings Estimates for S&P Global Inc. (NYSE:SPGI)

S&P Global Inc. (NYSE:SPGI) – Analysts at William Blair decreased their Q4 2023 earnings per share estimates for S&P Global in a report issued on Thursday, November 2nd. William Blair analyst A. Nicholas now forecasts that the business services provider will earn $3.06 per share for the quarter, down from their previous forecast of $3.17. The consensus estimate for S&P Global’s current full-year earnings is $12.55 per share.

A number of other research analysts have also weighed in on SPGI. Raymond James cut their price target on shares of S&P Global from $421.00 to $403.00 and set an “outperform” rating on the stock in a research note on Thursday, October 5th. Wolfe Research assumed coverage on shares of S&P Global in a research note on Thursday, September 14th. They issued an “outperform” rating and a $453.00 target price for the company. Morgan Stanley dropped their price target on S&P Global from $450.00 to $424.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 3rd. Barclays upped their price objective on S&P Global from $425.00 to $470.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Finally, TheStreet lowered S&P Global from a “b” rating to a “c+” rating in a research report on Thursday, July 27th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $417.33.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $382.90 on Monday. The firm’s 50 day simple moving average is $372.26 and its 200 day simple moving average is $378.79. S&P Global has a fifty-two week low of $309.85 and a fifty-two week high of $428.65. The company has a market capitalization of $121.84 billion, a price-to-earnings ratio of 49.53, a P/E/G ratio of 2.38 and a beta of 1.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.92 and a quick ratio of 0.78.

Hedge Funds Weigh In On S&P Global

Several large investors have recently modified their holdings of SPGI. Bank Julius Baer & Co. Ltd Zurich increased its holdings in S&P Global by 96,853.6% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 636,007,026 shares of the business services provider’s stock worth $254,968,857,000 after purchasing an additional 635,351,035 shares in the last quarter. Norges Bank bought a new stake in S&P Global in the 4th quarter worth about $1,112,935,000. Clearbridge Investments LLC increased its position in shares of S&P Global by 11,089.7% during the first quarter. Clearbridge Investments LLC now owns 2,230,227 shares of the business services provider’s stock valued at $914,794,000 after acquiring an additional 2,210,296 shares during the last quarter. Morgan Stanley boosted its holdings in shares of S&P Global by 49.9% in the 4th quarter. Morgan Stanley now owns 4,318,418 shares of the business services provider’s stock worth $1,446,412,000 after buying an additional 1,437,116 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of S&P Global by 39.5% during the 1st quarter. Northern Trust Corp now owns 3,727,874 shares of the business services provider’s stock valued at $1,529,100,000 after acquiring an additional 1,056,097 shares during the period. Institutional investors own 85.50% of the company’s stock.

Insider Buying and Selling at S&P Global

In related news, insider Adam Jason Kansler sold 10,000 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $387.38, for a total transaction of $3,873,800.00. Following the sale, the insider now owns 20,961 shares of the company’s stock, valued at $8,119,872.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Adam Jason Kansler sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $387.38, for a total transaction of $3,873,800.00. Following the completion of the sale, the insider now owns 20,961 shares of the company’s stock, valued at approximately $8,119,872.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Saugata Saha sold 200 shares of S&P Global stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $390.13, for a total transaction of $78,026.00. Following the completion of the transaction, the insider now directly owns 934 shares in the company, valued at $364,381.42. The disclosure for this sale can be found here. Insiders sold 10,600 shares of company stock valued at $4,105,838 in the last quarter. Company insiders own 0.10% of the company’s stock.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 0.94%. The ex-dividend date is Monday, November 27th. S&P Global’s dividend payout ratio (DPR) is 46.57%.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through six segments: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.