Locust Wood Capital Advisers LLC Has $139.31 Million Stake in S&P Global Inc. $SPGI

Locust Wood Capital Advisers LLC boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 28.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 286,233 shares of the business services provider’s stock after purchasing an additional 63,685 shares during the quarter. S&P Global accounts for approximately 3.5% of Locust Wood Capital Advisers LLC’s holdings, making the stock its 12th biggest position. Locust Wood Capital Advisers LLC owned 0.09% of S&P Global worth $139,312,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SPGI. Avantax Advisory Services Inc. raised its holdings in shares of S&P Global by 4.1% during the second quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock valued at $11,314,000 after acquiring an additional 850 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of S&P Global by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock valued at $15,868,750,000 after buying an additional 315,916 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in S&P Global by 4.4% in the third quarter. Asset Management One Co. Ltd. now owns 171,580 shares of the business services provider’s stock worth $83,510,000 after purchasing an additional 7,179 shares during the period. Ninety One UK Ltd grew its stake in shares of S&P Global by 0.8% in the 2nd quarter. Ninety One UK Ltd now owns 928,559 shares of the business services provider’s stock worth $489,620,000 after buying an additional 7,553 shares during the last quarter. Finally, D.A. Davidson & CO. increased its holdings in shares of S&P Global by 4.3% during the third quarter. D.A. Davidson & CO. now owns 174,517 shares of the business services provider’s stock valued at $84,940,000 after acquiring an additional 7,258 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 2.3%

Shares of SPGI stock opened at $530.97 on Thursday. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. 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 company has a market cap of $160.78 billion, a price-to-earnings ratio of 38.62, a price-to-earnings-growth ratio of 2.21 and a beta of 1.21. The stock’s fifty day moving average price is $513.24 and its 200 day moving average price is $517.21.

S&P Global (NYSE:SPGI) last released its earnings results 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 company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.77 billion. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. S&P Global’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the business earned $3.89 EPS. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. On average, research analysts expect 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 $0.97 dividend. The ex-dividend date 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 presently 27.93%.

Analysts Set New Price Targets

Several research firms have recently weighed in on SPGI. Mizuho boosted their price target on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. The Goldman Sachs Group reiterated a “buy” rating and issued a $640.00 price target on shares of S&P Global in a research note on Tuesday, December 16th. William Blair reissued an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. BMO Capital Markets set a $546.00 target price on S&P Global in a report on Friday, November 14th. Finally, Morgan Stanley increased their price objective on shares of S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company’s stock. According to MarketBeat, S&P Global currently has a consensus rating of “Buy” and an average 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.