Whittier Trust Co. Increases Holdings in S&P Global Inc. $SPGI

Whittier Trust Co. lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 2.9% in the third quarter, HoldingsChannel reports. The fund owned 69,625 shares of the business services provider’s stock after buying an additional 1,972 shares during the period. Whittier Trust Co.’s holdings in S&P Global were worth $33,407,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SPGI. MTM Investment Management LLC bought a new stake in S&P Global during the 2nd quarter valued at $27,000. J.Safra Asset Management Corp purchased a new position in S&P Global during the 3rd quarter valued at about $29,000. Spurstone Advisory Services LLC bought a new position in S&P Global during the 2nd quarter valued at approximately $34,000. Howard Hughes Medical Institute purchased a new stake in S&P Global in the 2nd quarter worth approximately $36,000. Finally, First Pacific Financial grew its position in shares of S&P Global by 51.0% in the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock worth $36,000 after buying an additional 25 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SPGI shares. Stifel Nicolaus decreased their target price on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. BMO Capital Markets set a $546.00 target price on shares of S&P Global in a research report on Friday, November 14th. Morgan Stanley boosted their price target on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Finally, William Blair reissued an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. According to data from MarketBeat, S&P Global currently has an average rating of “Buy” and an average target price of $615.64.

S&P Global Stock Down 1.2%

NYSE:SPGI opened at $533.12 on Friday. The firm’s 50-day moving average price is $514.76 and its 200-day moving average price is $517.32. The company has a market capitalization of $161.43 billion, a PE ratio of 38.77, a P/E/G ratio of 2.27 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 Inc. has a 1-year low of $427.14 and a 1-year high of $579.05.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period last year, the company posted $3.89 EPS. S&P Global’s 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, equities analysts predict that S&P Global Inc. will post 17.11 EPS 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. Stockholders of record on Wednesday, February 25th will be given a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis 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 payout ratio 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.