Amalgamated Bank Sells 1,282 Shares of S&P Global Inc. $SPGI

Amalgamated Bank trimmed its stake in S&P Global Inc. (NYSE:SPGI) by 2.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,266 shares of the business services provider’s stock after selling 1,282 shares during the period. Amalgamated Bank’s holdings in S&P Global were worth $29,819,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Emerald Advisers LLC grew its stake in shares of S&P Global by 2.0% during the second quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock valued at $480,000 after buying an additional 18 shares during the last quarter. Fullcircle Wealth LLC boosted its position in S&P Global by 1.0% in the second quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock valued at $984,000 after buying an additional 18 shares during the last quarter. Summitry LLC grew its stake in shares of S&P Global by 2.1% during the 2nd quarter. Summitry LLC now owns 883 shares of the business services provider’s stock worth $466,000 after purchasing an additional 18 shares during the period. Hamilton Capital LLC boosted its position in S&P Global by 4.5% during the second quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock worth $220,000 after purchasing an additional 18 shares in the last quarter. Finally, Sand Hill Global Advisors LLC boosted its stake in shares of S&P Global by 3.1% in the second quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock worth $333,000 after acquiring an additional 19 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $640.00 price objective on shares of S&P Global in a research note on Tuesday, December 16th. JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. William Blair restated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Finally, Mizuho increased their target price on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $615.64.

S&P Global Trading Up 0.2%

NYSE:SPGI opened at $546.25 on Friday. The company has a 50-day moving average price of $511.03 and a 200-day moving average price of $517.15. The stock has a market cap of $165.40 billion, a price-to-earnings ratio of 39.73, a P/E/G ratio of 2.33 and a beta of 1.21. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 30th. The business services provider reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.26 by $0.47. The business had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.77 billion. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The business’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.89 EPS. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. Equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.97 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, February 25th. S&P Global’s payout ratio is 28.22%.

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.