Mutual of America Capital Management LLC Reduces Position in S&P Global Inc. $SPGI

Mutual of America Capital Management LLC decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 5.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 33,874 shares of the business services provider’s stock after selling 2,126 shares during the quarter. Mutual of America Capital Management LLC’s holdings in S&P Global were worth $16,487,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. raised its position in shares of S&P Global by 3.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 27,183 shares of the business services provider’s stock valued at $13,043,000 after purchasing an additional 823 shares in the last quarter. Whittier Trust Co. grew its position in shares of S&P Global by 2.9% during the third quarter. Whittier Trust Co. now owns 69,625 shares of the business services provider’s stock worth $33,407,000 after buying an additional 1,972 shares in the last quarter. TRB Advisors LP bought a new stake in shares of S&P Global in the third quarter worth $4,867,000. Quilter Plc raised its holdings in S&P Global by 6.8% in the third quarter. Quilter Plc now owns 156,028 shares of the business services provider’s stock valued at $75,940,000 after acquiring an additional 9,907 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in S&P Global by 0.7% during the 3rd quarter. CIBC Asset Management Inc now owns 61,396 shares of the business services provider’s stock valued at $29,879,000 after acquiring an additional 401 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI opened at $533.12 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market cap of $161.43 billion, a price-to-earnings ratio of 38.77, a PEG ratio of 2.27 and a beta of 1.21. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The company has a 50-day moving average of $514.76 and a two-hundred day moving average of $517.24.

S&P Global (NYSE:SPGI) last issued its 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. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.77 billion. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.S&P Global’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.89 earnings per share. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. On average, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share 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. Stockholders of record on Wednesday, February 25th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Wednesday, February 25th. S&P Global’s dividend payout ratio (DPR) is currently 27.93%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Seaport Research Partners raised S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Evercore ISI increased their target price on shares of S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. The Goldman Sachs Group reissued a “buy” rating and set a $640.00 target price on shares of S&P Global in a research note on Tuesday, December 16th. Finally, JPMorgan Chase & Co. decreased their price target on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $615.64.

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.