Bank of New York Mellon Corp Sells 26,033 Shares of S&P Global Inc. $SPGI

Bank of New York Mellon Corp lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,864,186 shares of the business services provider’s stock after selling 26,033 shares during the quarter. Bank of New York Mellon Corp owned 0.61% of S&P Global worth $907,318,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SPGI. Brighton Jones LLC boosted its stake in shares of S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after purchasing an additional 143 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in S&P Global by 7.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock valued at $547,000 after purchasing an additional 75 shares during the last quarter. Dakota Wealth Management acquired a new position in S&P Global in the second quarter valued at about $232,000. Fort Washington Investment Advisors Inc. OH bought a new stake in S&P Global during the second quarter worth about $207,000. Finally, Moody Lynn & Lieberson LLC increased its holdings in shares of S&P Global by 5.8% during the second quarter. Moody Lynn & Lieberson LLC now owns 436 shares of the business services provider’s stock worth $230,000 after buying an additional 24 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 $526.50 on Wednesday. The business’s 50-day simple moving average is $516.43 and its 200 day simple moving average is $517.28. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. The stock has a market cap of $159.42 billion, a price-to-earnings ratio of 38.29, a P/E/G ratio of 2.28 and a beta of 1.21. 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 released 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. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.77 billion. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.89 EPS. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. As a group, research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a yield of 0.7%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio (DPR) is presently 27.93%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SPGI. 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. Mizuho lifted their price objective on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research 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. BMO Capital Markets set a $546.00 target price on S&P Global in a research note on Friday, November 14th. Finally, Seaport Research Partners upgraded shares of S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the stock. According to MarketBeat, the company 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.