Rakuten Investment Management Inc. Makes New $11.95 Million Investment in S&P Global Inc. $SPGI

Rakuten Investment Management Inc. bought a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the 3rd quarter, Holdings Channel.com reports. The fund bought 24,544 shares of the business services provider’s stock, valued at approximately $11,946,000.

Other large investors have also recently made changes to their positions in the company. Avantax Advisory Services Inc. grew its holdings in S&P Global by 4.1% during the second quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock worth $11,314,000 after acquiring an additional 850 shares during the period. Vanguard Group Inc. grew its stake in shares of 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 period. Asset Management One Co. Ltd. increased its holdings in shares of S&P Global by 4.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 171,580 shares of the business services provider’s stock valued at $83,510,000 after purchasing an additional 7,179 shares in the last quarter. Ninety One UK Ltd lifted its stake in shares of S&P Global by 0.8% in the 2nd quarter. Ninety One UK Ltd now owns 928,559 shares of the business services provider’s stock valued at $489,620,000 after purchasing an additional 7,553 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in shares of S&P Global by 4.3% in the 3rd quarter. D.A. Davidson & CO. now owns 174,517 shares of the business services provider’s stock valued at $84,940,000 after purchasing an additional 7,258 shares during the period. 87.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on SPGI. The Goldman Sachs Group restated a “buy” rating and set a $640.00 price target on shares of S&P Global in a research report on Tuesday, December 16th. BMO Capital Markets set a $546.00 target price on S&P Global in a research report on Friday, November 14th. William Blair restated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Stifel Nicolaus reduced their price target on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. 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 data from MarketBeat.com, S&P Global has a consensus rating of “Buy” and an average target price of $615.64.

S&P Global Trading Up 2.3%

Shares of S&P Global stock opened at $530.97 on Thursday. 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 twelve month low of $427.14 and a twelve month high of $579.05. The firm has a market capitalization of $160.78 billion, a PE ratio of 38.62, a P/E/G ratio of 2.21 and a beta of 1.21. The firm’s 50-day moving average price is $513.24 and its 200 day moving average price is $517.21.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 30th. The business services provider reported $4.73 EPS for the quarter, topping the consensus estimate of $4.26 by $0.47. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.77 billion. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.S&P Global’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.89 EPS. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. On average, sell-side analysts predict 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. Investors of record on Wednesday, February 25th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $3.88 annualized dividend and a yield of 0.7%. This is an increase from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio is currently 27.93%.

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.