Berkeley Inc Acquires 1,787 Shares of S&P Global Inc. $SPGI

Berkeley Inc boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 11.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,858 shares of the business services provider’s stock after purchasing an additional 1,787 shares during the period. S&P Global makes up approximately 2.6% of Berkeley Inc’s holdings, making the stock its 10th biggest position. Berkeley Inc’s holdings in S&P Global were worth $8,205,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SPGI. MTM Investment Management LLC bought a new stake in shares of S&P Global during the 2nd quarter worth $27,000. J.Safra Asset Management Corp purchased a new stake in shares of S&P Global during the third quarter valued at $29,000. Spurstone Advisory Services LLC acquired a new position in shares of S&P Global in the 2nd quarter valued at $34,000. Howard Hughes Medical Institute purchased a new position in S&P Global in the 2nd quarter worth about $36,000. Finally, First Pacific Financial increased its stake in S&P Global by 51.0% in the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock worth $36,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the subject of a number of analyst reports. BMO Capital Markets set a $546.00 price objective on shares of S&P Global in a research note on Friday, November 14th. William Blair restated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Evercore ISI raised their price objective on shares of S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. The Goldman Sachs Group reiterated a “buy” rating and set a $640.00 price objective on shares of S&P Global in a research report on Tuesday, December 16th. Finally, Stifel Nicolaus reduced their target price on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $615.64.

S&P Global Stock Down 4.9%

S&P Global stock opened at $519.36 on Wednesday. S&P Global Inc. has a twelve month low of $427.14 and a twelve month 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 firm has a market cap of $157.26 billion, a PE ratio of 37.77, a P/E/G ratio of 2.33 and a beta of 1.21. The firm’s 50 day moving average price is $512.53 and its two-hundred day moving average price is $517.11.

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

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, February 25th. This is an increase from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s payout ratio is currently 27.93%.

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.