Sage Investment Counsel LLC purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI – Free Report) during the third quarter, Holdings Channel.com reports. The fund purchased 3,088 shares of the business services provider’s stock, valued at approximately $1,218,000. S&P Global accounts for approximately 1.2% of Sage Investment Counsel LLC’s portfolio, making the stock its 24th largest position.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pingora Partners LLC purchased a new stake in S&P Global in the 2nd quarter valued at about $29,000. James T. Borello RIA bought a new position in shares of S&P Global during the 3rd quarter worth approximately $36,000. WPG Advisers LLC boosted its stake in shares of S&P Global by 37.0% in the 2nd quarter. WPG Advisers LLC now owns 100 shares of the business services provider’s stock worth $41,000 after buying an additional 27 shares during the last quarter. Fiduciary Financial Advisors purchased a new position in shares of S&P Global in the 2nd quarter worth approximately $46,000. Finally, Frazier Financial Advisors LLC boosted its stake in shares of S&P Global by 31.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 113 shares of the business services provider’s stock worth $48,000 after buying an additional 27 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.
Key S&P Global News
Here are the key news stories impacting S&P Global this week:
- Positive Sentiment: OpenZeppelin acquisition completed: S&P Global closed its purchase of OpenZeppelin, a provider of security standards for onchain finance. The deal expands SPGI’s digital-asset risk assessment, security evaluation and benchmarking capabilities as financial markets increasingly move onchain. The acquisition was cited as a catalyst for investor interest. S&P Global Completes Acquisition of OpenZeppelin
- Positive Sentiment: New Kalshi partnership expands index monetization opportunities: S&P Dow Jones Indices named Kalshi a preferred prediction-market platform for contracts tied to its benchmarks, while S&P DJI becomes a preferred index provider for Kalshi’s event-contract data. The agreement could broaden the reach and licensing applications of SPGI’s indices, although the near-term financial contribution is unclear. S&P Dow Jones Indices and Kalshi Collaboration
- Neutral Sentiment: Upcoming earnings are in focus: S&P Global was expected to report quarterly results on Tuesday. The company’s latest reported quarter showed adjusted EPS of $4.83, revenue of $4.15 billion and 10.4% year-over-year revenue growth, modestly exceeding analyst estimates. Analysts forecast full-year EPS of approximately $17.69. S&P Global Expected to Post Earnings
- Neutral Sentiment: Mobility spin-off completed: The separation included $53 million in costs, creating a one-time financial burden but simplifying SPGI’s portfolio and allowing greater focus on its core information and analytics businesses. S&P Global Completes Mobility Spin-off
- Negative Sentiment: Valuation may constrain upside: Despite strong excess returns and solid operating performance, one analysis described SPGI as fully priced. With shares trading above their 200-day moving average and at a forward-looking premium, investors may need continued earnings growth to justify additional gains. S&P Global Stock Looks Fully Priced
S&P Global Price Performance
SPGI opened at $449.92 on Tuesday. The firm has a market cap of $132.64 billion, a P/E ratio of 27.47, a PEG ratio of 2.19 and a beta of 1.09. The firm has a 50-day moving average of $418.22 and a 200 day moving average of $433.79. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $552.25.
S&P Global (NYSE:SPGI – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company posted $4.43 earnings per share. On average, research analysts expect that S&P Global Inc. will post 17.69 EPS for the current year.
S&P Global Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, November 25th. S&P Global’s payout ratio is presently 23.69%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. Wall Street Zen raised S&P Global to a “hold” rating in a report on Saturday, September 5th. Stifel Nicolaus increased their price target on S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Citigroup lifted their price target on S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $510.00 price objective on shares of S&P Global in a research report on Wednesday, August 26th. Finally, JPMorgan Chase & Co. cut their price objective on S&P Global from $530.00 to $520.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 14th. Eighteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $515.88.
Check Out Our Latest Stock Report on S&P Global
S&P Global Company Profile
S&P Global (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.
The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.
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