Symphony Financial Ltd. Co. Trims Stake in S&P Global Inc. $SPGI

Symphony Financial Ltd. Co. lowered its position in S&P Global Inc. (NYSE:SPGI) by 73.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 880 shares of the business services provider’s stock after selling 2,407 shares during the period. Symphony Financial Ltd. Co.’s holdings in S&P Global were worth $427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of SPGI. Emerald Advisers LLC boosted its holdings in S&P Global by 2.0% during the 2nd quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock valued at $480,000 after acquiring an additional 18 shares during the period. Fullcircle Wealth LLC lifted its position in shares of 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 worth $984,000 after purchasing an additional 18 shares during the last quarter. Summitry LLC lifted its position in shares of S&P Global by 2.1% during the second quarter. Summitry LLC now owns 883 shares of the business services provider’s stock worth $466,000 after purchasing an additional 18 shares during the last quarter. Hamilton Capital LLC boosted its stake in shares of S&P Global by 4.5% during the second quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock valued at $220,000 after purchasing an additional 18 shares during the period. Finally, Sand Hill Global Advisors LLC boosted its stake in shares of S&P Global by 3.1% during the second 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 period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 1.2%

Shares of NYSE SPGI opened at $533.12 on Friday. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The stock’s fifty day simple moving average is $514.76 and its two-hundred day simple moving average is $517.32. The stock has a market capitalization of $161.43 billion, a PE ratio of 38.77, a price-to-earnings-growth ratio of 2.27 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.

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

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio (DPR) is 27.93%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Seaport Research Partners raised shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Morgan Stanley upped their target price on shares of S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Mizuho lifted their price target on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. JPMorgan Chase & Co. lowered their price target 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. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global currently has a consensus rating of “Buy” and a consensus target price of $615.64.

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.