State of Alaska Department of Revenue Sells 1,517 Shares of S&P Global Inc. $SPGI

State of Alaska Department of Revenue reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 4.3% during the third quarter, Holdings Channel reports. The institutional investor owned 33,724 shares of the business services provider’s stock after selling 1,517 shares during the quarter. State of Alaska Department of Revenue’s holdings in S&P Global were worth $16,413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Emerald Advisers LLC grew its holdings in S&P Global by 2.0% in the 2nd quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock worth $480,000 after acquiring an additional 18 shares during the last quarter. Fullcircle Wealth LLC raised its stake in shares of S&P Global by 1.0% during the second quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock valued at $984,000 after acquiring an additional 18 shares during the last quarter. Summitry LLC boosted its holdings in shares of S&P Global by 2.1% during the second quarter. Summitry LLC now owns 883 shares of the business services provider’s stock worth $466,000 after purchasing an additional 18 shares during the period. Hamilton Capital LLC boosted its holdings in shares of S&P Global by 4.5% during the second quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock worth $220,000 after purchasing an additional 18 shares during the period. Finally, Sand Hill Global Advisors LLC grew its stake in shares of S&P Global by 3.1% in the second quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock worth $333,000 after purchasing an additional 19 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI stock opened at $541.37 on Friday. The company’s fifty day moving average price is $505.05 and its 200-day moving average price is $516.23. The stock has a market cap of $163.93 billion, a PE ratio of 39.37, a price-to-earnings-growth ratio of 2.30 and a beta of 1.21. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. 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 issued its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (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. On average, equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on SPGI. Mizuho upped their price target on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Evercore ISI boosted their target price on S&P Global from $629.00 to $632.00 and gave the company an “outperform” rating in a research note on Thursday. William Blair restated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Wells Fargo & Company raised their price target on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Finally, Morgan Stanley lifted their price target on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company. According to MarketBeat, S&P Global currently has an average rating of “Buy” and a consensus price target of $615.14.

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.