Sumitomo Mitsui DS Asset Management Company Ltd Buys 7,086 Shares of S&P Global Inc. $SPGI

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 12.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 64,187 shares of the business services provider’s stock after purchasing an additional 7,086 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in S&P Global were worth $31,240,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC raised its stake in shares of S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after acquiring an additional 143 shares during the period. Caxton Associates LLP bought a new position in S&P Global during the 1st quarter valued at about $386,000. Empowered Funds LLC raised its position in S&P Global by 68.1% in the 1st quarter. Empowered Funds LLC now owns 11,824 shares of the business services provider’s stock worth $6,008,000 after purchasing an additional 4,791 shares during the period. SCS Capital Management LLC bought a new stake in S&P Global in the first quarter worth about $240,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of S&P Global by 20.0% during the first quarter. Geneos Wealth Management Inc. now owns 2,223 shares of the business services provider’s stock valued at $1,129,000 after buying an additional 370 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent analyst reports. Citigroup increased their price target on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. BMO Capital Markets set a $546.00 target price on S&P Global in a research note on Friday, November 14th. JPMorgan Chase & Co. decreased their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. Finally, Wells Fargo & Company raised their price target on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. According to MarketBeat.com, S&P Global has an average rating of “Buy” and a consensus target price of $615.14.

S&P Global Price Performance

Shares of SPGI stock opened at $542.34 on Friday. S&P Global Inc. has a twelve month low of $427.14 and a twelve 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. The stock has a fifty day simple moving average of $506.15 and a two-hundred day simple moving average of $516.42. The stock has a market capitalization of $164.22 billion, a price-to-earnings ratio of 39.44, a P/E/G ratio of 2.31 and a beta of 1.21.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The firm had revenue of $1.87 billion during the quarter. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. On average, analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Company 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.