Resona Asset Management Co. Ltd. Buys 9,595 Shares of S&P Global Inc. $SPGI

Resona Asset Management Co. Ltd. boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 8.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 120,899 shares of the business services provider’s stock after purchasing an additional 9,595 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in S&P Global were worth $58,975,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of S&P Global in the 2nd quarter valued at $2,188,945,000. Valeo Financial Advisors LLC grew its stake in S&P Global by 70,734.1% in the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after acquiring an additional 3,163,938 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of S&P Global by 3,430.6% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock worth $819,699,000 after acquiring an additional 1,510,540 shares in the last quarter. TCI Fund Management Ltd. grew its position in shares of S&P Global by 7.0% in the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock valued at $5,848,502,000 after purchasing an additional 730,354 shares during the period. Finally, Mizuho Markets Americas LLC increased its stake in S&P Global by 104,031.3% during the 3rd quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock worth $289,900,000 after purchasing an additional 595,059 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of SPGI stock opened at $533.12 on Friday. The company has a fifty day moving average price of $514.76 and a two-hundred day moving average price of $517.38. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The stock has a market cap of $161.43 billion, a P/E ratio of 38.77, a P/E/G ratio of 2.30 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the prior year, the firm earned $3.89 EPS. S&P Global’s quarterly revenue 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, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently announced 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 is Wednesday, February 25th. 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. S&P Global’s dividend payout ratio is 28.22%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. BMO Capital Markets set a $546.00 price objective on shares of S&P Global in a research report on Friday, November 14th. The Goldman Sachs Group reiterated a “buy” rating and set a $640.00 target price on shares of S&P Global in a report on Tuesday, December 16th. Mizuho upped their price objective on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Finally, JPMorgan Chase & Co. dropped their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.