Mutual of America Capital Management LLC Cuts Position in S&P Global Inc. $SPGI

Mutual of America Capital Management LLC lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 5.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,874 shares of the business services provider’s stock after selling 2,126 shares during the quarter. Mutual of America Capital Management LLC’s holdings in S&P Global were worth $16,487,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. MTM Investment Management LLC acquired a new stake in shares of S&P Global in the second quarter valued at about $27,000. J.Safra Asset Management Corp acquired a new stake in shares of S&P Global during the third quarter valued at $29,000. Spurstone Advisory Services LLC acquired a new stake in shares of S&P Global during the 2nd quarter worth about $34,000. Howard Hughes Medical Institute acquired a new stake in S&P Global during the second quarter worth approximately $36,000. Finally, First Pacific Financial grew its position 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 purchasing an additional 25 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Down 1.2%

Shares of NYSE SPGI opened at $533.12 on Monday. The stock has a fifty day moving average price of $514.76 and a 200 day moving average price of $517.24. 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 Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a market cap of $161.43 billion, a P/E ratio of 38.77, a P/E/G ratio of 2.27 and a beta of 1.21.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share for the quarter, topping the consensus estimate of $4.26 by $0.47. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate 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 revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.89 earnings per share. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. Research analysts anticipate that S&P Global Inc. will post 17.11 EPS 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. Stockholders of record on Wednesday, February 25th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 0.7%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date is Wednesday, February 25th. S&P Global’s payout ratio is currently 27.93%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SPGI shares. Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. Seaport Research Partners upgraded S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Morgan Stanley lifted their target price on S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. BMO Capital Markets set a $546.00 price target on S&P Global in a research report on Friday, November 14th. Finally, Stifel Nicolaus cut their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a report on Friday, October 31st. One 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 data from MarketBeat.com, S&P Global has an average rating of “Buy” and a consensus 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.