S&P Global Inc. $SPGI Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. reduced its holdings in S&P Global Inc. (NYSE:SPGI) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 760,240 shares of the business services provider’s stock after selling 13,430 shares during the quarter. Baillie Gifford & Co. owned about 0.25% of S&P Global worth $370,016,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. MTM Investment Management LLC purchased a new stake in shares of S&P Global during the 2nd quarter worth $27,000. J.Safra Asset Management Corp acquired a new stake in shares of S&P Global in the third quarter valued at about $29,000. Spurstone Advisory Services LLC purchased a new stake in S&P Global during the second quarter worth about $34,000. Howard Hughes Medical Institute acquired a new position in S&P Global during the second quarter worth about $36,000. Finally, Solstein Capital LLC acquired a new position in S&P Global during the second quarter worth about $38,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Performance

NYSE SPGI opened at $533.12 on Friday. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The stock has a market cap of $161.43 billion, a price-to-earnings ratio of 38.77, a price-to-earnings-growth ratio of 2.30 and a beta of 1.21. The business has a fifty day moving average of $514.76 and a 200-day moving average of $517.38. 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 posted its quarterly earnings data on Thursday, October 30th. The business services provider reported $4.73 EPS for the quarter, beating 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 analyst estimates of $3.77 billion. During the same quarter last year, the company earned $3.89 earnings per share. The business’s revenue for the quarter 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, analysts predict 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. Investors of record on Wednesday, February 25th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a dividend yield of 0.7%. S&P Global’s payout ratio is currently 27.93%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SPGI shares. Mizuho boosted their price target on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. JPMorgan Chase & Co. decreased their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. The Goldman Sachs Group reissued a “buy” rating and issued a $640.00 target price on shares of S&P Global in a report on Tuesday, December 16th. Stifel Nicolaus cut their price target on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, Evercore ISI boosted 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 report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target 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.