Lmcg Investments LLC Increases Stock Position in S&P Global Inc. $SPGI

Lmcg Investments LLC increased its holdings in S&P Global Inc. (NYSE:SPGI) by 27.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,314 shares of the business services provider’s stock after buying an additional 5,274 shares during the period. Lmcg Investments LLC’s holdings in S&P Global were worth $11,834,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SPGI. Oliver Lagore Vanvalin Investment Group bought a new position in S&P Global in the second quarter worth about $26,000. MTM Investment Management LLC purchased a new stake in S&P Global during the 2nd quarter worth approximately $27,000. Spurstone Advisory Services LLC purchased a new position in shares of S&P Global during the second quarter worth $34,000. Howard Hughes Medical Institute acquired a new position in S&P Global during the second quarter valued at $36,000. Finally, First Pacific Financial grew its position in S&P Global by 51.0% during the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock worth $36,000 after purchasing an additional 25 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. JPMorgan Chase & Co. dropped their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Stifel Nicolaus lowered their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Mizuho lifted their target price on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. The Goldman Sachs Group reissued a “buy” rating and set a $640.00 price target on shares of S&P Global in a report on Tuesday, December 16th. Finally, BMO Capital Markets set a $546.00 price objective on shares of S&P Global in a report on Friday, November 14th. Two analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $615.64.

S&P Global Price Performance

SPGI stock opened at $546.25 on Friday. The company has a market capitalization of $165.40 billion, a P/E 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. The business has a 50 day simple moving average of $511.03 and a 200-day simple moving average of $517.15. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05.

S&P Global (NYSE:SPGI) last released 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. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.77 billion. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.89 earnings per share. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. As a group, equities analysts anticipate 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. The ex-dividend date is Wednesday, February 25th. This represents a $3.88 annualized dividend and a yield of 0.7%. This is an increase from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s payout ratio is currently 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.