S&P Global Inc. $SPGI Stake Reduced by NBT Bank N A NY

NBT Bank N A NY trimmed its holdings in S&P Global Inc. (NYSE:SPGI) by 5.1% in the third quarter, Holdings Channel.com reports. The fund owned 18,452 shares of the business services provider’s stock after selling 996 shares during the period. NBT Bank N A NY’s holdings in S&P Global were worth $8,981,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in S&P Global by 1.1% during the second quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock valued at $15,868,750,000 after purchasing an additional 315,916 shares during the last quarter. TCI Fund Management Ltd. increased its holdings in shares of S&P Global by 7.0% in the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock valued at $5,848,502,000 after buying an additional 730,354 shares in the last quarter. Geode Capital Management LLC increased 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 buying an additional 42,724 shares in the last quarter. Norges Bank acquired a new stake in shares of S&P Global during the 2nd quarter valued at $2,188,945,000. Finally, Valeo Financial Advisors LLC boosted its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 0.2%

NYSE:SPGI opened at $546.25 on Friday. The business’s fifty day moving average price is $511.03 and its 200 day moving average price is $517.23. The firm has a market capitalization of $165.40 billion, a price-to-earnings ratio of 39.73, a PEG ratio of 2.33 and a beta of 1.21. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. 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 announced its quarterly earnings data on Thursday, October 30th. The business services provider reported $4.73 EPS for the quarter, topping analysts’ consensus estimates of $4.26 by $0.47. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the company posted $3.89 EPS. The business’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. On average, sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This is a boost from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a yield of 0.7%. S&P Global’s payout ratio is presently 27.93%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SPGI. Mizuho boosted their target price on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Evercore ISI increased their price target on S&P Global from $629.00 to $632.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. The Goldman Sachs Group restated a “buy” rating and set a $640.00 price objective on shares of S&P Global in a report on Tuesday, December 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. Finally, Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company’s stock. According to MarketBeat, S&P Global currently has a consensus rating of “Buy” and a consensus price target of $615.64.

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.