J. Safra Sarasin Holding AG Sells 6,341 Shares of S&P Global Inc. $SPGI

J. Safra Sarasin Holding AG trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI) by 9.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,563 shares of the business services provider’s stock after selling 6,341 shares during the period. J. Safra Sarasin Holding AG’s holdings in S&P Global were worth $28,990,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SPGI. Brighton Jones LLC grew its holdings in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after acquiring an additional 143 shares during the period. Sivia Capital Partners LLC boosted its position in shares of S&P Global by 7.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock worth $547,000 after purchasing an additional 75 shares during the last quarter. Dakota Wealth Management acquired a new stake in shares of S&P Global during the second quarter worth $232,000. Patton Fund Management Inc. bought a new stake in S&P Global in the second quarter valued at about $241,000. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in S&P Global in the second quarter valued at about $207,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on SPGI. BMO Capital Markets set a $546.00 target price on S&P Global in a research report on Friday, November 14th. Morgan Stanley boosted their price objective on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. The Goldman Sachs Group reiterated a “buy” rating and issued a $640.00 target price on shares of S&P Global in a report on Tuesday, December 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. Finally, Seaport Research Partners raised S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $615.64.

S&P Global Price Performance

Shares of NYSE SPGI opened at $535.01 on Tuesday. The company has a fifty day moving average price of $515.69 and a 200 day moving average price of $517.28. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The firm has a market cap of $162.00 billion, a PE ratio of 38.91, a PEG 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 issued its quarterly earnings results on Thursday, October 30th. The business services provider reported $4.73 EPS for the quarter, beating analysts’ consensus estimates of $4.26 by $0.47. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.77 billion. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.89 earnings per share. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. Research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm 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 dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $3.88 annualized dividend 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%.

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.