Csenge Advisory Group Trims Position in S&P Global Inc. $SPGI

Csenge Advisory Group trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 43.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,499 shares of the business services provider’s stock after selling 1,164 shares during the period. Csenge Advisory Group’s holdings in S&P Global were worth $730,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ritholtz Wealth Management boosted its stake in shares of S&P Global by 0.8% in the third quarter. Ritholtz Wealth Management now owns 9,281 shares of the business services provider’s stock worth $4,517,000 after acquiring an additional 72 shares during the period. JNBA Financial Advisors purchased a new position in S&P Global in the 3rd quarter worth approximately $60,000. Forbes J M & Co. LLP boosted its stake in S&P Global by 3.5% in the 3rd quarter. Forbes J M & Co. LLP now owns 627 shares of the business services provider’s stock worth $305,000 after purchasing an additional 21 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in S&P Global by 8.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,559 shares of the business services provider’s stock valued at $1,245,000 after buying an additional 189 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of S&P Global by 2.9% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 53,800 shares of the business services provider’s stock valued at $26,185,000 after buying an additional 1,500 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SPGI. BMO Capital Markets set a $546.00 target price on shares of S&P Global in a research report on Friday, November 14th. Mizuho increased their price objective on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 29th. Finally, William Blair restated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Two analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company. Based on data from MarketBeat, S&P Global has an average rating of “Buy” and a consensus target price of $615.64.

S&P Global Price Performance

NYSE:SPGI opened at $546.25 on Monday. The firm has a market capitalization of $165.40 billion, a price-to-earnings ratio of 39.73, a PEG ratio of 2.33 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The business has a 50 day simple moving average of $511.03 and a 200-day simple moving average of $517.09. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings results 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 company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.77 billion. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.S&P Global’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.89 EPS. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. Equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s payout ratio is currently 27.93%.

S&P Global Company 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.