Q1 2024 Earnings Estimate for S&P Global Inc. Issued By William Blair (NYSE:SPGI)

S&P Global Inc. (NYSE:SPGI) – Equities researchers at William Blair increased their Q1 2024 earnings per share (EPS) estimates for shares of S&P Global in a note issued to investors on Monday, April 15th. William Blair analyst A. Nicholas now forecasts that the business services provider will post earnings of $3.69 per share for the quarter, up from their previous estimate of $3.57. The consensus estimate for S&P Global’s current full-year earnings is $14.02 per share. William Blair also issued estimates for S&P Global’s Q2 2024 earnings at $3.49 EPS, FY2024 earnings at $14.00 EPS and FY2025 earnings at $15.80 EPS.

Several other brokerages also recently weighed in on SPGI. Erste Group Bank restated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Oppenheimer restated an “outperform” rating and set a $480.00 price target on shares of S&P Global in a report on Tuesday, April 2nd. Raymond James upped their price objective on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Barclays upped their price objective on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, BMO Capital Markets upped their price objective on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $464.22.

S&P Global Trading Up 0.9 %

Shares of SPGI stock traded up $3.55 on Wednesday, hitting $412.11. The stock had a trading volume of 845,251 shares, compared to its average volume of 1,309,081. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $131.98 billion, a P/E ratio of 49.64, a P/E/G ratio of 2.32 and a beta of 1.15. S&P Global has a 1 year low of $338.92 and a 1 year high of $461.16. The company’s 50 day moving average price is $426.65 and its 200-day moving average price is $415.29.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.02). The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. S&P Global’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.54 EPS.

Institutional Trading of S&P Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPGI. Norges Bank purchased a new stake in S&P Global during the 4th quarter valued at approximately $1,652,862,000. Clearbridge Investments LLC raised its stake in shares of S&P Global by 11,089.7% during the 1st quarter. Clearbridge Investments LLC now owns 2,230,227 shares of the business services provider’s stock worth $914,794,000 after buying an additional 2,210,296 shares in the last quarter. Morgan Stanley raised its stake in shares of S&P Global by 49.9% during the 4th quarter. Morgan Stanley now owns 4,318,418 shares of the business services provider’s stock worth $1,446,412,000 after buying an additional 1,437,116 shares in the last quarter. Northern Trust Corp raised its stake in shares of S&P Global by 39.5% during the 1st quarter. Northern Trust Corp now owns 3,727,874 shares of the business services provider’s stock worth $1,529,100,000 after buying an additional 1,056,097 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC raised its stake in shares of S&P Global by 113,163.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,005,777 shares of the business services provider’s stock worth $336,875,000 after buying an additional 1,004,889 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the sale, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 27th were given a $0.91 dividend. The ex-dividend date of this dividend was Monday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.90. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.88%. S&P Global’s dividend payout ratio is 44.23%.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.