S&P Global Inc. $SPGI Position Cut by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 15.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,752 shares of the business services provider’s stock after selling 1,636 shares during the period. Sawgrass Asset Management LLC’s holdings in S&P Global were worth $4,260,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of SPGI. Vanguard Group Inc. lifted its holdings in S&P Global by 1.1% in the second quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after purchasing an additional 315,916 shares during the period. TCI Fund Management Ltd. lifted its stake in shares of S&P Global by 7.0% in the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after acquiring an additional 730,354 shares during the period. Geode Capital Management LLC boosted its holdings in shares of S&P Global by 0.6% in the second quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock valued at $3,565,889,000 after acquiring an additional 42,724 shares in the last quarter. Norges Bank acquired a new position in shares of S&P Global during the second quarter valued at approximately $2,188,945,000. Finally, Valeo Financial Advisors LLC lifted its position in S&P Global by 70,734.1% in the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after purchasing an additional 3,163,938 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

S&P Global stock 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 firm’s 50 day simple moving average is $514.76 and its 200-day simple moving average is $517.32. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $161.43 billion, a P/E ratio of 38.77, a price-to-earnings-growth ratio of 2.27 and a beta of 1.21.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 30th. The business services provider reported $4.73 earnings per share for the quarter, topping the consensus estimate of $4.26 by $0.47. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The firm had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the previous year, the company posted $3.89 EPS. The company’s quarterly revenue 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, equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current 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 issued a dividend of $0.97 per share. This is an increase 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%. The ex-dividend date is Wednesday, February 25th. S&P Global’s dividend payout ratio is 27.93%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price target 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. Evercore ISI boosted their price target 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. BMO Capital Markets set a $546.00 price objective on shares of S&P Global in a research report on Friday, November 14th. Morgan Stanley boosted their target price on shares of S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Finally, Seaport Research Partners upgraded shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price 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.