Mn Services Vermogensbeheer B.V. Purchases 2,000 Shares of S&P Global Inc. $SPGI

Mn Services Vermogensbeheer B.V. increased its position in S&P Global Inc. (NYSE:SPGI) by 1.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 119,265 shares of the business services provider’s stock after buying an additional 2,000 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in S&P Global were worth $58,047,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. MTM Investment Management LLC acquired a new position in shares of S&P Global during the 2nd quarter worth $27,000. J.Safra Asset Management Corp acquired a new stake in shares of S&P Global in the 3rd quarter valued at $29,000. Spurstone Advisory Services LLC acquired a new stake in shares of S&P Global in the 2nd quarter valued at $34,000. Howard Hughes Medical Institute bought a new stake in S&P Global in the second quarter worth $36,000. Finally, Solstein Capital LLC acquired a new position in S&P Global during the second quarter worth $38,000. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SPGI shares. BMO Capital Markets set a $546.00 target price on S&P Global in a report on Friday, November 14th. Mizuho increased their price objective on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. William Blair reissued an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. JPMorgan Chase & Co. reduced their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Finally, Morgan Stanley upped their target price on S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $615.64.

S&P Global Stock Down 1.2%

Shares of SPGI stock opened at $533.12 on Friday. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. The firm has a market cap of $161.43 billion, a PE ratio of 38.77, a price-to-earnings-growth ratio of 2.30 and a beta of 1.21. The stock has a 50 day moving average of $514.76 and a 200-day moving average of $517.38.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 30th. The business services provider reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.26 by $0.47. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the company posted $3.89 earnings per share. S&P Global’s quarterly revenue was up 8.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. On average, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders 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 dividend yield of 0.7%. The ex-dividend date is Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s payout ratio is presently 28.22%.

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.