S&P Global Inc. $SPGI Stock: Verdence Capital Advisors LLC Raises Stake

Verdence Capital Advisors LLC boosted its stake in S&P Global Inc. (NYSE:SPGI) by 1,196.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 14,625 shares of the business services provider’s stock after purchasing an additional 13,497 shares during the period. Verdence Capital Advisors LLC’s holdings in S&P Global were worth $5,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Pingora Partners LLC bought a new position in S&P Global in the 2nd quarter worth about $29,000. James T. Borello RIA acquired a new stake in shares of S&P Global in the third quarter valued at approximately $36,000. WPG Advisers LLC increased its stake in shares of S&P Global by 37.0% in the second quarter. WPG Advisers LLC now owns 100 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 27 shares during the period. Frazier Financial Advisors LLC raised its holdings in shares of S&P Global by 31.4% during the first quarter. Frazier Financial Advisors LLC now owns 113 shares of the business services provider’s stock valued at $48,000 after buying an additional 27 shares during the last quarter. Finally, Fiduciary Financial Advisors bought a new stake in shares of S&P Global during the second quarter valued at approximately $46,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

Shares of SPGI opened at $449.92 on Tuesday. The firm has a market capitalization of $132.64 billion, a PE ratio of 27.47, a P/E/G ratio of 2.19 and a beta of 1.09. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $418.22 and a 200 day moving average price of $433.79. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $552.25.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the firm earned $4.43 EPS. S&P Global’s revenue was up 10.4% on a year-over-year basis. On average, sell-side analysts anticipate that S&P Global Inc. will post 17.69 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be issued a $0.97 dividend. The ex-dividend date is Wednesday, November 25th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is 23.69%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays reduced their price objective on S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Bank of America decreased their price objective on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a report on Friday, July 10th. Citigroup raised their target price on S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $510.00 target price on shares of S&P Global in a research note on Wednesday, August 26th. Finally, Zacks Research raised S&P Global from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Eighteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $515.88.

Key Headlines Impacting S&P Global

Here are the key news stories impacting S&P Global this week:

• Positive Sentiment: OpenZeppelin acquisition completed: S&P Global closed its purchase of OpenZeppelin, a provider of security standards for onchain finance. The deal expands SPGI’s digital-asset risk assessment, security evaluation and benchmarking capabilities as financial markets increasingly move onchain. The acquisition was cited as a catalyst for investor interest. S&P Global Completes Acquisition of OpenZeppelin
• Positive Sentiment: New Kalshi partnership expands index monetization opportunities: S&P Dow Jones Indices named Kalshi a preferred prediction-market platform for contracts tied to its benchmarks, while S&P DJI becomes a preferred index provider for Kalshi’s event-contract data. The agreement could broaden the reach and licensing applications of SPGI’s indices, although the near-term financial contribution is unclear. S&P Dow Jones Indices and Kalshi Collaboration
• Neutral Sentiment: Upcoming earnings are in focus: S&P Global was expected to report quarterly results on Tuesday. The company’s latest reported quarter showed adjusted EPS of $4.83, revenue of $4.15 billion and 10.4% year-over-year revenue growth, modestly exceeding analyst estimates. Analysts forecast full-year EPS of approximately $17.69. S&P Global Expected to Post Earnings
• Neutral Sentiment: Mobility spin-off completed: The separation included $53 million in costs, creating a one-time financial burden but simplifying SPGI’s portfolio and allowing greater focus on its core information and analytics businesses. S&P Global Completes Mobility Spin-off
• Negative Sentiment: Valuation may constrain upside: Despite strong excess returns and solid operating performance, one analysis described SPGI as fully priced. With shares trading above their 200-day moving average and at a forward-looking premium, investors may need continued earnings growth to justify additional gains. S&P Global Stock Looks Fully Priced

About S&P Global

S&P Global (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.