Vest Financial LLC Trims Position in S&P Global Inc. $SPGI

Vest Financial LLC trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 7.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 108,727 shares of the business services provider’s stock after selling 9,252 shares during the quarter. Vest Financial LLC’s holdings in S&P Global were worth $52,919,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Emerald Advisers LLC boosted its holdings in S&P Global by 2.0% in the second quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock worth $480,000 after purchasing an additional 18 shares during the last quarter. Fullcircle Wealth LLC raised its stake in S&P Global by 1.0% during the second quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock valued at $984,000 after purchasing an additional 18 shares in the last quarter. Summitry LLC grew its position in S&P Global by 2.1% in the second quarter. Summitry LLC now owns 883 shares of the business services provider’s stock worth $466,000 after acquiring an additional 18 shares in the last quarter. Hamilton Capital LLC boosted its stake in S&P Global by 4.5% during the second quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock worth $220,000 after buying an additional 18 shares during the period. Finally, Sand Hill Global Advisors LLC grew its holdings in S&P Global by 3.1% during the 2nd quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock valued at $333,000 after purchasing an additional 19 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. 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 research report on Friday, October 31st. Evercore ISI upped their price target on shares of S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. The Goldman Sachs Group reiterated a “buy” rating and set a $640.00 price objective on shares of S&P Global in a report on Tuesday, December 16th. Finally, BMO Capital Markets set a $546.00 target price on shares of S&P Global in a research note on Friday, November 14th. Two investment analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $615.64.

S&P Global Trading Down 3.8%

Shares of S&P Global stock opened at $525.60 on Wednesday. The firm’s 50 day simple moving average is $512.53 and its two-hundred day simple moving average is $517.11. The firm has a market capitalization of $159.15 billion, a price-to-earnings ratio of 38.23, a PEG ratio of 2.33 and a beta of 1.21. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. 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 (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 30th. The business services provider reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates of $4.26 by $0.47. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.77 billion. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.89 earnings per share. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. 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 $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 0.7%. 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. S&P Global’s payout ratio is presently 28.22%.

About S&P Global

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.