Maryland State Retirement & Pension System Raises Position in S&P Global Inc. $SPGI

Maryland State Retirement & Pension System grew its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,924 shares of the business services provider’s stock after purchasing an additional 289 shares during the period. Maryland State Retirement & Pension System’s holdings in S&P Global were worth $7,869,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Divergent Planning LLC purchased a new position in S&P Global in the 2nd quarter worth $303,000. Dynamic Advisor Solutions LLC raised its stake in S&P Global by 6.3% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock worth $6,568,000 after acquiring an additional 733 shares during the last quarter. SCS Capital Management LLC purchased a new position in S&P Global in the 1st quarter worth $240,000. Foster Victor Wealth Advisors LLC raised its stake in S&P Global by 4.6% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider’s stock worth $16,562,000 after acquiring an additional 1,383 shares during the last quarter. Finally, Caxton Associates LLP purchased a new position in S&P Global in the 1st quarter worth $386,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the subject of a number of research analyst reports. Wells Fargo & Company raised their target price on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Morgan Stanley increased their price target on S&P Global from $595.00 to $615.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. UBS Group increased their price target on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Citigroup increased their price target on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Finally, Barclays increased their price target on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. Based on data from MarketBeat.com, S&P Global currently has a consensus rating of “Buy” and an average target price of $614.46.

S&P Global Price Performance

NYSE:SPGI opened at $482.20 on Thursday. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $147.22 billion, a PE ratio of 37.09, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19. The stock’s 50-day moving average price is $532.35 and its 200-day moving average price is $514.56.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.25. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same period last year, the firm earned $4.04 EPS. The company’s quarterly revenue was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given a dividend of $0.96 per share. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is 29.54%.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.