S&P Global Inc. $SPGI Shares Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,194 shares of the business services provider’s stock after purchasing an additional 1,917 shares during the quarter. iA Global Asset Management Inc.’s holdings in S&P Global were worth $39,518,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. MTM Investment Management LLC bought a new stake in shares of S&P Global in the second quarter worth $27,000. J.Safra Asset Management Corp bought a new position in S&P Global during the 3rd quarter valued at $29,000. Spurstone Advisory Services LLC acquired a new position in S&P Global during the 2nd quarter worth $34,000. Howard Hughes Medical Institute bought a new stake in shares of S&P Global in the 2nd quarter worth about $36,000. Finally, First Pacific Financial raised its stake in shares of S&P Global by 51.0% in the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 25 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of SPGI stock opened at $539.61 on Friday. The company has a market cap of $163.39 billion, a P/E ratio of 39.24, a PEG ratio of 2.26 and a beta of 1.21. The business has a 50 day moving average of $513.97 and a two-hundred day moving average of $517.36. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $3.77 billion. During the same period in the prior year, the firm earned $3.89 EPS. The business’s quarterly 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. As a group, analysts anticipate 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. Stockholders 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 dividend yield of 0.7%. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Wednesday, February 25th. S&P Global’s dividend payout ratio is presently 27.93%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SPGI shares. William Blair reiterated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. BMO Capital Markets set a $546.00 price objective on S&P Global in a research note on Friday, November 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 29th. JPMorgan Chase & Co. lowered their price target on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Finally, Evercore ISI upped their price target on S&P Global from $629.00 to $632.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $615.64.

About S&P Global

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.