Strs Ohio Sells 11,935 Shares of S&P Global Inc. $SPGI

Strs Ohio trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 9.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,274 shares of the business services provider’s stock after selling 11,935 shares during the quarter. Strs Ohio’s holdings in S&P Global were worth $55,132,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in S&P Global by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after purchasing an additional 315,916 shares during the last quarter. TCI Fund Management Ltd. increased its stake in shares of S&P Global by 7.0% in the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock valued at $5,848,502,000 after buying an additional 730,354 shares during the period. Geode Capital Management LLC raised its position in shares of S&P Global by 0.6% during the second quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock worth $3,565,889,000 after acquiring an additional 42,724 shares during the last quarter. Norges Bank acquired a new position in shares of S&P Global in the second quarter worth approximately $2,188,945,000. Finally, Valeo Financial Advisors LLC increased its position in S&P Global by 70,734.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after purchasing an additional 3,163,938 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced 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 research note on Friday, October 31st. William Blair reissued an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Mizuho lifted their price objective on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. BMO Capital Markets set a $546.00 price objective on S&P Global in a research note on Friday, November 14th. Finally, Seaport Research Partners upgraded shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $615.64.

S&P Global Price Performance

NYSE:SPGI opened at $539.61 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The firm has a market capitalization of $163.39 billion, a price-to-earnings ratio of 39.24, a P/E/G ratio of 2.26 and a beta of 1.21. The stock has a fifty day moving average of $513.97 and a 200 day moving average of $517.36.

S&P Global (NYSE:SPGI) last posted its quarterly 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 business had revenue of $3.89 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $3.89 earnings per share. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. On average, research analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be given a $0.97 dividend. The ex-dividend date is Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.7%. S&P Global’s dividend payout ratio is presently 27.93%.

S&P Global Company 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.