Rakuten Investment Management Inc. Makes New Investment in S&P Global Inc. $SPGI

Rakuten Investment Management Inc. acquired a new stake in S&P Global Inc. (NYSE:SPGI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 24,544 shares of the business services provider’s stock, valued at approximately $11,946,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Emerald Advisers LLC boosted its stake in 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 buying an additional 18 shares during the period. Fullcircle Wealth LLC lifted its holdings in shares of S&P Global by 1.0% in the 2nd quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock worth $984,000 after acquiring an additional 18 shares during the last quarter. Summitry LLC boosted its stake in shares of 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 purchasing an additional 18 shares during the period. Hamilton Capital LLC grew 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 valued at $220,000 after purchasing an additional 18 shares during the last quarter. Finally, Sand Hill Global Advisors LLC raised its position in S&P Global by 3.1% in the 2nd quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock worth $333,000 after purchasing an additional 19 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. The Goldman Sachs Group restated a “buy” rating and set a $640.00 target price on shares of S&P Global in a research report on Tuesday, December 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 29th. Evercore ISI increased their target price on S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. BMO Capital Markets set a $546.00 target price on S&P Global in a research report on Friday, November 14th. Finally, Stifel Nicolaus cut their price target on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $615.64.

S&P Global Price Performance

Shares of SPGI stock opened at $530.97 on Thursday. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $513.24 and a two-hundred day simple moving average of $517.21. The stock has a market capitalization of $160.78 billion, a price-to-earnings ratio of 38.62, a P/E/G ratio of 2.21 and a beta of 1.21.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 30th. The business services provider reported $4.73 earnings per share for the quarter, beating 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 firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the previous year, the company posted $3.89 earnings per share. The firm’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. On average, analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm 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 $0.97 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $3.88 annualized dividend and a dividend yield of 0.7%. This is an increase from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio (DPR) is presently 27.93%.

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.