Louisiana State Employees Retirement System Has $8.75 Million Stake in S&P Global Inc. $SPGI

Louisiana State Employees Retirement System cut its holdings in S&P Global Inc. (NYSE:SPGI) by 1.8% during the second quarter, Holdings Channel.com reports. The fund owned 16,600 shares of the business services provider’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in S&P Global were worth $8,753,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Valeo Financial Advisors LLC boosted its stake in S&P Global by 70,734.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after acquiring an additional 3,163,938 shares during the last quarter. Nuveen LLC bought a new stake in shares of S&P Global in the 1st quarter valued at $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of S&P Global by 70.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider’s stock valued at $826,819,000 after buying an additional 670,392 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in S&P Global by 26.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock valued at $1,497,493,000 after acquiring an additional 614,809 shares during the period. Finally, Alliancebernstein L.P. grew its stake in S&P Global by 37.9% in the first quarter. Alliancebernstein L.P. now owns 766,154 shares of the business services provider’s stock valued at $389,283,000 after acquiring an additional 210,373 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 0.5%

SPGI stock opened at $480.91 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average price of $533.31 and a two-hundred day moving average price of $514.78. The company has a market cap of $146.82 billion, a price-to-earnings ratio of 36.99, a P/E/G ratio of 2.54 and a beta of 1.19. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the firm posted $4.04 earnings per share. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is presently 29.54%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Oppenheimer lifted their price objective on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a research report on Saturday, September 27th. Barclays upped their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. BMO Capital Markets upped their target price on shares of S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Finally, UBS Group boosted their price target on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $614.46.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.