ZEGA Investments LLC Makes New $835,000 Investment in S&P Global Inc. $SPGI

ZEGA Investments LLC acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,715 shares of the business services provider’s stock, valued at approximately $835,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPGI. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of S&P Global in the second quarter worth $26,000. MTM Investment Management LLC acquired a new position in shares of S&P Global in the 2nd quarter valued at approximately $27,000. Spurstone Advisory Services LLC acquired a new stake in S&P Global in the second quarter valued at $34,000. Howard Hughes Medical Institute acquired a new stake in shares of S&P Global in the 2nd quarter valued at about $36,000. Finally, First Pacific Financial raised its stake in S&P Global by 51.0% during the third quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after buying an additional 25 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Stifel Nicolaus dropped their price target on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Wells Fargo & Company boosted their price target on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. JPMorgan Chase & Co. decreased their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Evercore ISI raised their target price on shares of S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Finally, Citigroup boosted their price objective on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. According to data from MarketBeat.com, S&P Global has a consensus rating of “Buy” and a consensus target price of $615.64.

S&P Global Price Performance

Shares of S&P Global stock opened at $544.34 on Tuesday. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The company has a market cap of $164.82 billion, a PE ratio of 39.59, a price-to-earnings-growth ratio of 2.31 and a beta of 1.21. The firm has a fifty day moving average price of $507.10 and a two-hundred day moving average price of $516.54. 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 released its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The company had revenue of $1.87 billion during the quarter. 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 year.

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.