S&P Global Inc. $SPGI Stock Position Boosted by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its position in S&P Global Inc. (NYSE:SPGI) by 4,128.1% during the third quarter, HoldingsChannel.com reports. The fund owned 69,932 shares of the business services provider’s stock after acquiring an additional 68,278 shares during the period. S&P Global makes up 0.8% of Y Intercept Hong Kong Ltd’s portfolio, making the stock its 3rd largest position. Y Intercept Hong Kong Ltd’s holdings in S&P Global were worth $34,037,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after buying an additional 143 shares during the last quarter. Sivia Capital Partners LLC grew its stake in S&P Global by 7.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock valued at $547,000 after acquiring an additional 75 shares in the last quarter. Norden Group LLC grew its stake in S&P Global by 24.4% during the 2nd quarter. Norden Group LLC now owns 1,232 shares of the business services provider’s stock valued at $649,000 after acquiring an additional 242 shares in the last quarter. Plancorp LLC raised its holdings in S&P Global by 15.3% in the 2nd quarter. Plancorp LLC now owns 680 shares of the business services provider’s stock valued at $359,000 after acquiring an additional 90 shares during the last quarter. Finally, Dakota Wealth Management purchased a new position in S&P Global in the 2nd quarter worth approximately $232,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of S&P Global stock opened at $533.12 on Friday. 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 company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The business’s fifty day simple moving average is $514.76 and its 200-day simple moving average is $517.38.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 30th. The business services provider reported $4.73 earnings per share (EPS) for the quarter, topping 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 return on equity of 15.90% and a net margin of 28.10%.The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the company earned $3.89 EPS. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. Equities analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.97 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, February 25th. S&P Global’s dividend payout ratio (DPR) is 28.22%.

Analyst Ratings Changes

A number of research firms have recently issued reports on SPGI. Morgan Stanley upped their price target on S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Stifel Nicolaus dropped their target price 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. The Goldman Sachs Group reiterated a “buy” rating and set a $640.00 price target on shares of S&P Global in a report on Tuesday, December 16th. BMO Capital Markets set a $546.00 price target on shares of S&P Global in a research report on Friday, November 14th. Finally, Evercore ISI raised their price objective on shares of S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average 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.