GDS Wealth Management Purchases 1,279 Shares of S&P Global Inc. $SPGI

GDS Wealth Management lifted its position in S&P Global Inc. (NYSE:SPGI) by 4.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,315 shares of the business services provider’s stock after buying an additional 1,279 shares during the period. GDS Wealth Management’s holdings in S&P Global were worth $16,215,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. Emerald Advisers LLC raised its position 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 worth $480,000 after purchasing an additional 18 shares during the period. Fullcircle Wealth LLC increased its stake in S&P Global by 1.0% during the 2nd quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock worth $984,000 after purchasing an additional 18 shares in the last quarter. Summitry LLC raised its holdings in 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 buying an additional 18 shares during the period. Hamilton Capital LLC raised its holdings in S&P Global by 4.5% during the 2nd quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock worth $220,000 after buying an additional 18 shares during the period. Finally, Sand Hill Global Advisors LLC boosted its holdings 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 valued at $333,000 after buying an additional 19 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Down 1.2%

S&P Global stock opened at $533.12 on Friday. The company has a market cap of $161.43 billion, a price-to-earnings ratio of 38.77, a P/E/G ratio of 2.27 and a beta of 1.21. The firm has a 50-day moving average of $514.76 and a 200-day moving average of $517.32. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.26 by $0.47. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the company posted $3.89 earnings per share. S&P Global’s revenue 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, equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

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

Analyst Ratings Changes

SPGI has been the topic of a number of research analyst reports. Mizuho raised their price objective on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Morgan Stanley increased their target price on S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Evercore ISI boosted their price target on 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 reaffirmed an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $615.64.

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.