S&P Global Inc. $SPGI Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its position in S&P Global Inc. (NYSE:SPGI) by 4,128.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,932 shares of the business services provider’s stock after purchasing an additional 68,278 shares during the quarter. S&P Global comprises approximately 0.8% of Y Intercept Hong Kong Ltd’s investment portfolio, making the stock its 3rd biggest holding. Y Intercept Hong Kong Ltd’s holdings in S&P Global were worth $34,037,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Avantax Advisory Services Inc. increased its stake in shares of S&P Global by 4.1% in the second quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock worth $11,314,000 after acquiring an additional 850 shares during the period. Vanguard Group Inc. lifted its position in S&P Global by 1.1% during the second quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock valued at $15,868,750,000 after purchasing an additional 315,916 shares during the period. Asset Management One Co. Ltd. boosted its holdings in S&P Global by 4.4% in the third quarter. Asset Management One Co. Ltd. now owns 171,580 shares of the business services provider’s stock valued at $83,510,000 after purchasing an additional 7,179 shares during the last quarter. Ninety One UK Ltd grew its position in S&P Global by 0.8% during the 2nd quarter. Ninety One UK Ltd now owns 928,559 shares of the business services provider’s stock worth $489,620,000 after purchasing an additional 7,553 shares during the period. Finally, D.A. Davidson & CO. raised its stake in shares of S&P Global by 4.3% during the 3rd quarter. D.A. Davidson & CO. now owns 174,517 shares of the business services provider’s stock valued at $84,940,000 after buying an additional 7,258 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Down 1.2%

Shares of NYSE:SPGI opened at $533.12 on Friday. The business’s 50 day moving average price is $514.76 and its 200-day moving average price is $517.38. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The firm has a market capitalization 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 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 (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 30th. The business services provider reported $4.73 EPS for the quarter, topping the consensus estimate of $4.26 by $0.47. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.77 billion. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.89 EPS. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. On average, equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be given a dividend of $0.97 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date is Wednesday, February 25th. This represents a $3.88 annualized dividend and a dividend yield of 0.7%. S&P Global’s payout ratio is currently 28.22%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SPGI. Morgan Stanley upped their target price on S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Seaport Research Partners upgraded S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Evercore ISI boosted their target price on shares of S&P Global from $629.00 to $632.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, S&P Global currently 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.