Citizens Financial Group Inc. RI Has $12.60 Million Holdings in S&P Global Inc. $SPGI

Citizens Financial Group Inc. RI grew its holdings in S&P Global Inc. (NYSE:SPGI) by 629.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,878 shares of the business services provider’s stock after buying an additional 22,329 shares during the period. Citizens Financial Group Inc. RI’s holdings in S&P Global were worth $12,595,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC boosted its position in S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after purchasing an additional 143 shares during the period. Modern Wealth Management LLC acquired a new stake in shares of S&P Global during the 1st quarter worth about $267,000. TrueWealth Advisors LLC grew its stake in S&P Global by 49.8% in the 2nd quarter. TrueWealth Advisors LLC now owns 995 shares of the business services provider’s stock valued at $524,000 after buying an additional 331 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in S&P Global by 16.6% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,254 shares of the business services provider’s stock valued at $3,825,000 after buying an additional 1,035 shares during the last quarter. Finally, Whitaker Myers Wealth Managers LTD. raised its holdings in S&P Global by 12.8% in the 2nd quarter. Whitaker Myers Wealth Managers LTD. now owns 1,096 shares of the business services provider’s stock valued at $578,000 after acquiring an additional 124 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SPGI has been the subject of a number of research analyst reports. Citigroup boosted their price objective on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $640.00 price objective on shares of S&P Global in a report on Tuesday, December 16th. Mizuho increased their price objective on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Evercore ISI raised their price target on shares of S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Buy” and an average price target of $615.14.

S&P Global Stock Up 0.1%

Shares of NYSE SPGI opened at $542.34 on Monday. The stock has a market capitalization of $164.22 billion, a P/E ratio of 39.44, a PEG ratio of 2.31 and a beta of 1.21. The stock’s fifty day moving average is $506.15 and its 200 day moving average is $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.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) 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. Sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

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.