S&P Global (SPGI) – Research Analysts’ Weekly Ratings Updates

S&P Global (NYSE: SPGI) recently received a number of ratings updates from brokerages and research firms:

• 4/3/2024 – S&P Global had its “hold” rating reaffirmed by analysts at Erste Group Bank AG.
• 4/2/2024 – S&P Global had its price target raised by analysts at Barclays PLC from $500.00 to $520.00. They now have an “overweight” rating on the stock.
• 4/2/2024 – S&P Global had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $480.00 price target on the stock.
• 4/1/2024 – S&P Global had its price target raised by analysts at BMO Capital Markets from $480.00 to $483.00. They now have an “outperform” rating on the stock.

S&P Global Price Performance

Shares of S&P Global stock opened at $422.79 on Friday. S&P Global Inc. has a 12-month low of $338.92 and a 12-month high of $461.16. The firm has a market cap of $135.40 billion, a PE ratio of 51.37, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. The company’s fifty day simple moving average is $429.11 and its two-hundred day simple moving average is $413.67.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.02). The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.54 EPS. As a group, equities analysts expect that S&P Global Inc. will post 14 EPS for the current year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Monday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s dividend payout ratio is currently 44.23%.

Insider Activity

In other news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the transaction, the chief executive officer now owns 162,530 shares in the company, valued at $69,032,992.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Institutional Trading of S&P Global

A number of hedge funds have recently bought and sold shares of the company. Fidelis Capital Partners LLC lifted its position in shares of S&P Global by 18.5% during the 3rd quarter. Fidelis Capital Partners LLC now owns 1,409 shares of the business services provider’s stock valued at $515,000 after buying an additional 220 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in S&P Global by 6.1% during the fourth quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock valued at $671,000 after purchasing an additional 87 shares in the last quarter. Handelsinvest Investeringsforvaltning bought a new position in shares of S&P Global in the fourth quarter worth approximately $1,644,000. Aspiriant LLC purchased a new stake in shares of S&P Global in the fourth quarter worth $398,000. Finally, Westfield Capital Management Co. LP raised its position in shares of S&P Global by 12.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 186,231 shares of the business services provider’s stock valued at $68,051,000 after purchasing an additional 20,153 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

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 S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.