S&P Global Inc. $SPGI Shares Bought by Locust Wood Capital Advisers LLC

Locust Wood Capital Advisers LLC boosted its stake in S&P Global Inc. (NYSE:SPGI) by 28.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 286,233 shares of the business services provider’s stock after buying an additional 63,685 shares during the quarter. S&P Global comprises approximately 3.5% of Locust Wood Capital Advisers LLC’s portfolio, making the stock its 12th biggest holding. Locust Wood Capital Advisers LLC’s holdings in S&P Global were worth $139,312,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPGI. MTM Investment Management LLC acquired a new stake in shares of S&P Global in the second quarter valued at about $27,000. J.Safra Asset Management Corp acquired a new position in S&P Global during the third quarter worth about $29,000. Spurstone Advisory Services LLC purchased a new stake in S&P Global during the 2nd quarter valued at about $34,000. Howard Hughes Medical Institute acquired a new stake in S&P Global in the 2nd quarter valued at about $36,000. Finally, First Pacific Financial lifted its stake in S&P Global by 51.0% in 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 in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets set a $546.00 price target on S&P Global in a research report on Friday, November 14th. JPMorgan Chase & Co. dropped their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Morgan Stanley lifted their price target on S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Stifel Nicolaus dropped their price objective on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, William Blair reiterated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $615.64.

S&P Global Trading Up 2.3%

NYSE:SPGI opened at $530.97 on Thursday. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The firm has a market cap of $160.78 billion, a PE ratio of 38.62, a price-to-earnings-growth ratio of 2.21 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 stock has a fifty day moving average price of $513.24 and a 200 day moving average price of $517.21.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.26 by $0.47. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the previous year, the firm earned $3.89 earnings per share. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. Sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

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

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.