Freedom Day Solutions LLC Trims Holdings in S&P Global Inc. $SPGI

Freedom Day Solutions LLC trimmed its position in S&P Global Inc. (NYSE:SPGI) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,241 shares of the business services provider’s stock after selling 99 shares during the period. S&P Global comprises about 1.0% of Freedom Day Solutions LLC’s investment portfolio, making the stock its 17th largest position. Freedom Day Solutions LLC’s holdings in S&P Global were worth $3,818,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stegent Equity Advisors Inc. lifted its holdings in S&P Global by 3.1% in the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock valued at $335,000 after acquiring an additional 20 shares during the last quarter. Foster Dykema Cabot & Partners LLC lifted its holdings in S&P Global by 0.7% in the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock valued at $1,453,000 after acquiring an additional 20 shares during the last quarter. Foster Group Inc. raised its holdings in S&P Global by 0.9% during the 2nd quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock worth $1,180,000 after buying an additional 20 shares during the period. Quent Capital LLC raised its holdings in S&P Global by 1.9% during the 2nd quarter. Quent Capital LLC now owns 1,082 shares of the business services provider’s stock worth $571,000 after buying an additional 20 shares during the period. Finally, Integrated Investment Consultants LLC boosted its holdings in shares of S&P Global by 2.8% in the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock worth $387,000 after buying an additional 21 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Morgan Stanley boosted their price target on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a report on Wednesday. BMO Capital Markets boosted their price target on shares of S&P Global from $604.00 to $621.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Finally, Oppenheimer boosted their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. Based on data from MarketBeat.com, S&P Global presently has an average rating of “Buy” and a consensus price target of $614.85.

S&P Global Price Performance

Shares of SPGI opened at $487.25 on Friday. The company has a market capitalization of $148.76 billion, a price-to-earnings ratio of 37.48, a P/E/G ratio of 2.56 and a beta of 1.19. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50-day moving average is $531.10 and its 200-day moving average is $514.44.

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

S&P Global Dividend Announcement

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

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.