Spear Holdings RSC Ltd Sells 85,101 Shares of S&P Global Inc. $SPGI

Spear Holdings RSC Ltd decreased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 61.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 53,199 shares of the business services provider’s stock after selling 85,101 shares during the quarter. S&P Global comprises approximately 1.5% of Spear Holdings RSC Ltd’s investment portfolio, making the stock its 18th largest holding. Spear Holdings RSC Ltd’s holdings in S&P Global were worth $25,892,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Avantax Advisory Services Inc. lifted its stake in S&P Global by 4.1% in the second quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock valued at $11,314,000 after purchasing an additional 850 shares during the last quarter. Vanguard Group Inc. lifted its position 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 valued at $15,868,750,000 after buying an additional 315,916 shares during the last quarter. Asset Management One Co. Ltd. lifted its position 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 buying an additional 7,179 shares during the last quarter. Ninety One UK Ltd grew its stake in shares of S&P Global by 0.8% during the 2nd quarter. Ninety One UK Ltd now owns 928,559 shares of the business services provider’s stock worth $489,620,000 after acquiring an additional 7,553 shares during the period. Finally, D.A. Davidson & CO. increased its holdings in 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 worth $84,940,000 after acquiring an additional 7,258 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

NYSE:SPGI opened at $539.61 on Friday. The business’s 50-day moving average is $513.97 and its 200 day moving average is $517.36. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The company has a market capitalization of $163.39 billion, a P/E ratio of 39.24, a P/E/G ratio of 2.26 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 (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 30th. The business services provider reported $4.73 EPS for the quarter, beating analysts’ consensus estimates of $4.26 by $0.47. The firm 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% compared to the same quarter last year. During the same quarter last year, the firm earned $3.89 EPS. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. On average, equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on SPGI shares. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Seaport Research Partners raised S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. The Goldman Sachs Group reissued a “buy” rating and issued a $640.00 price target on shares of S&P Global in a research note on Tuesday, December 16th. Finally, BMO Capital Markets set a $546.00 price target on shares of S&P Global in a research report on Friday, November 14th. One 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, the company currently has an average rating of “Buy” and a consensus target price of $615.64.

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.