QRG Capital Management Inc. Has $11.33 Million Stock Holdings in S&P Global Inc. $SPGI

QRG Capital Management Inc. reduced its holdings in S&P Global Inc. (NYSE:SPGI) by 15.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 23,270 shares of the business services provider’s stock after selling 4,210 shares during the quarter. QRG Capital Management Inc.’s holdings in S&P Global were worth $11,326,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SPGI. Evergreen Capital Management LLC increased its position in S&P Global by 11.7% during the 3rd quarter. Evergreen Capital Management LLC now owns 4,182 shares of the business services provider’s stock valued at $2,035,000 after purchasing an additional 437 shares during the period. YCG LLC increased its position in shares of S&P Global by 4.3% during the third quarter. YCG LLC now owns 85,103 shares of the business services provider’s stock worth $41,420,000 after buying an additional 3,471 shares during the period. Confluence Wealth Services Inc. raised its stake in S&P Global by 1.4% during the third quarter. Confluence Wealth Services Inc. now owns 2,067 shares of the business services provider’s stock worth $1,006,000 after buying an additional 28 shares during the last quarter. ASR Vermogensbeheer N.V. lifted its holdings in S&P Global by 3.2% in the third quarter. ASR Vermogensbeheer N.V. now owns 120,502 shares of the business services provider’s stock valued at $58,647,000 after buying an additional 3,681 shares during the period. Finally, Ritholtz Wealth Management boosted its position in S&P Global by 0.8% during the third quarter. Ritholtz Wealth Management now owns 9,281 shares of the business services provider’s stock valued at $4,517,000 after acquiring an additional 72 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Stifel Nicolaus cut their price target 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. The Goldman Sachs Group reissued a “buy” rating and set a $640.00 target price on shares of S&P Global in a research note on Tuesday, December 16th. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $615.64.

S&P Global Stock Up 0.2%

Shares of NYSE:SPGI opened at $546.25 on Friday. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The company has a market capitalization of $165.40 billion, a PE ratio of 39.73, a price-to-earnings-growth ratio of 2.33 and a beta of 1.21. The business has a fifty day moving average price of $511.03 and a two-hundred day moving average price of $517.15. 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 announced its quarterly earnings data on Thursday, October 30th. The business services provider reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.26 by $0.47. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period in the prior year, the company earned $3.89 earnings per share. S&P Global’s 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. Analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be given a $0.97 dividend. 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. The ex-dividend date is Wednesday, February 25th. S&P Global’s dividend payout ratio (DPR) is 28.22%.

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.