Turtle Creek Wealth Advisors LLC Raises Stock Position in S&P Global Inc. $SPGI

Turtle Creek Wealth Advisors LLC boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 388.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,303 shares of the business services provider’s stock after acquiring an additional 11,376 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in S&P Global were worth $6,961,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. MTM Investment Management LLC acquired a new stake in shares of S&P Global in the 2nd quarter worth $27,000. J.Safra Asset Management Corp purchased a new stake in S&P Global in the third quarter valued at about $29,000. Spurstone Advisory Services LLC acquired a new stake in S&P Global in the second quarter worth about $34,000. Howard Hughes Medical Institute purchased a new stake in shares of S&P Global during the second quarter worth about $36,000. Finally, First Pacific Financial grew its stake in shares of S&P Global by 51.0% during the third quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock worth $36,000 after acquiring an additional 25 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Up 0.2%

NYSE:SPGI opened at $546.25 on Tuesday. The firm has a market capitalization of $165.40 billion, a P/E ratio of 39.73, a PEG ratio of 2.33 and a beta of 1.21. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company’s fifty day moving average price is $512.08 and its 200-day moving average price is $517.19. 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 posted its 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 company 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 quarterly revenue 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. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 0.7%. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Wednesday, February 25th. S&P Global’s dividend payout ratio is 27.93%.

Analysts Set New Price Targets

Several brokerages recently commented on SPGI. Stifel Nicolaus decreased their price objective on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. The Goldman Sachs Group reiterated a “buy” rating and set a $640.00 price objective on shares of S&P Global in a research note on Tuesday, December 16th. William Blair reissued an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Finally, Morgan Stanley raised their target price on S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat, S&P Global presently has an average rating of “Buy” and a consensus price target of $615.64.

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.