Envestnet Portfolio Solutions Inc. Trims Position in S&P Global Inc. $SPGI

Envestnet Portfolio Solutions Inc. reduced its holdings in S&P Global Inc. (NYSE:SPGI) by 11.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,366 shares of the business services provider’s stock after selling 1,981 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in S&P Global were worth $7,479,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in S&P Global in the second quarter valued at $2,188,945,000. Valeo Financial Advisors LLC lifted its holdings in shares of S&P Global by 70,734.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after buying an additional 3,163,938 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of S&P Global by 3,430.6% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock worth $819,699,000 after buying an additional 1,510,540 shares during the last quarter. TCI Fund Management Ltd. grew its holdings in S&P Global by 7.0% during the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after acquiring an additional 730,354 shares during the period. Finally, Mizuho Markets Americas LLC raised its position in S&P Global by 104,031.3% during the third quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock valued at $289,900,000 after acquiring an additional 595,059 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

S&P Global stock opened at $533.12 on Friday. The stock has a market capitalization of $161.43 billion, a P/E ratio of 38.77, a P/E/G ratio of 2.27 and a beta of 1.21. The company’s fifty day moving average price is $514.76 and its 200 day moving average price is $517.32. 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 Inc. has a 1 year low of $427.14 and a 1 year 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 (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same period last year, the firm posted $3.89 earnings per share. The company’s revenue was up 8.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal 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 paid a dividend of $0.97 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date is Wednesday, February 25th. This represents a $3.88 annualized dividend and a yield of 0.7%. S&P Global’s dividend payout ratio (DPR) is presently 27.93%.

Analyst Ratings Changes

SPGI has been the topic of several recent research reports. Morgan Stanley upped their price objective on S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Evercore ISI lifted their target price on shares of S&P Global from $629.00 to $632.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. William Blair reissued an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Mizuho raised their price target on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. One equities research analyst has 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 currently has a consensus rating of “Buy” and an average target price of $615.64.

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.