S&P Global Inc. $SPGI Shares Sold by Ownership Capital B.V.

Ownership Capital B.V. decreased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 89.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,479 shares of the business services provider’s stock after selling 79,212 shares during the quarter. S&P Global comprises 2.6% of Ownership Capital B.V.’s holdings, making the stock its 17th biggest position. Ownership Capital B.V.’s holdings in S&P Global were worth $4,614,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SPGI. Belpointe Asset Management LLC lifted its position in S&P Global by 2.2% during the 3rd quarter. Belpointe Asset Management LLC now owns 4,056 shares of the business services provider’s stock worth $1,974,000 after acquiring an additional 88 shares during the period. Riverwater Partners LLC raised its stake in shares of S&P Global by 8.2% in the third quarter. Riverwater Partners LLC now owns 901 shares of the business services provider’s stock worth $439,000 after purchasing an additional 68 shares during the last quarter. Bank of Jackson Hole Trust lifted its holdings in shares of S&P Global by 295.5% during the third quarter. Bank of Jackson Hole Trust now owns 435 shares of the business services provider’s stock worth $212,000 after purchasing an additional 325 shares during the period. Compass Wealth Management LLC boosted its position in S&P Global by 748.2% in the third quarter. Compass Wealth Management LLC now owns 4,665 shares of the business services provider’s stock valued at $2,271,000 after buying an additional 4,115 shares during the last quarter. Finally, Purkiss Capital Advisors LLC acquired a new position in S&P Global in the 3rd quarter worth approximately $448,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Seaport Research Partners upgraded shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Morgan Stanley boosted their target price on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Mizuho lifted their price objective on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note 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. Finally, William Blair reiterated an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $615.64.

S&P Global Stock Performance

Shares of SPGI stock opened at $535.01 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $162.00 billion, a P/E ratio of 38.91, a P/E/G ratio of 2.27 and a beta of 1.21. The business’s 50 day moving average is $515.69 and its two-hundred day moving average is $517.28. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly 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. The firm had revenue of $3.89 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.89 EPS. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. Analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a 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%.

About S&P Global

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.