18,347 Shares in S&P Global Inc. $SPGI Acquired by First Horizon Corp

First Horizon Corp bought a new stake in S&P Global Inc. (NYSE:SPGI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 18,347 shares of the business services provider’s stock, valued at approximately $8,930,000.

Other hedge funds have also added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group bought a new stake in S&P Global during the 2nd quarter worth about $26,000. MTM Investment Management LLC acquired a new position in S&P Global in the second quarter valued at approximately $27,000. 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SPGI shares. Morgan Stanley lifted their price objective on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. reduced their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Wells Fargo & Company upped their price target on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. William Blair reissued an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $640.00 target price on shares of S&P Global in a research note on Tuesday, December 16th. Two investment analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $615.14.

S&P Global Price Performance

NYSE SPGI opened at $542.34 on Monday. The business has a 50 day simple moving average of $506.15 and a 200 day simple moving average of $516.34. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market cap of $164.22 billion, a price-to-earnings ratio of 39.44, a PEG ratio of 2.31 and a beta of 1.21.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The firm had revenue of $1.87 billion for the quarter. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. Analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

About S&P Global

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.