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

J. Safra Sarasin Holding AG reduced its holdings in S&P Global Inc. (NYSE:SPGI) by 9.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. MTM Investment Management LLC bought a new position in S&P Global during the second quarter worth $27,000. J.Safra Asset Management Corp acquired a new stake in S&P Global in the 3rd quarter worth $29,000. Spurstone Advisory Services LLC bought a new position in shares of S&P Global during the 2nd quarter worth about $34,000. Howard Hughes Medical Institute acquired a new position in shares of S&P Global during the second quarter valued at about $36,000. Finally, First Pacific Financial lifted its stake in shares of S&P Global by 51.0% in the third quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after buying an additional 25 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Up 0.3%

Shares of NYSE:SPGI opened at $535.01 on Tuesday. The company’s fifty day moving average is $515.69 and its 200-day moving average is $517.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The company has a market capitalization of $162.00 billion, a PE ratio of 38.91, a P/E/G ratio of 2.27 and a beta of 1.21.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.26 by $0.47. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.77 billion. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm posted $3.89 EPS. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. Equities 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. Investors of record on Wednesday, February 25th will be given a dividend of $0.97 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date is Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a yield of 0.7%. S&P Global’s dividend payout ratio is currently 27.93%.

Analyst Ratings Changes

Several equities analysts have commented on SPGI shares. Mizuho upped their price target on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. Seaport Research Partners raised S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. The Goldman Sachs Group reissued a “buy” rating and issued a $640.00 price target on shares of S&P Global in a report on Tuesday, December 16th. Finally, William Blair reaffirmed an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target 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.