Vaughan David Investments LLC IL Decreases Stock Holdings in S&P Global Inc. $SPGI

Vaughan David Investments LLC IL lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 114,747 shares of the business services provider’s stock after selling 2,462 shares during the period. S&P Global accounts for approximately 1.2% of Vaughan David Investments LLC IL’s investment portfolio, making the stock its 26th biggest holding. Vaughan David Investments LLC IL’s holdings in S&P Global were worth $55,849,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SPGI. Avantax Advisory Services Inc. raised its stake in S&P Global by 4.1% during the 2nd quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock valued at $11,314,000 after acquiring an additional 850 shares during the last quarter. Vanguard Group Inc. increased its stake in S&P Global by 1.1% in 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 period. Asset Management One Co. Ltd. lifted its stake in shares of S&P Global by 4.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 171,580 shares of the business services provider’s stock worth $83,510,000 after acquiring an additional 7,179 shares during the period. Ninety One UK Ltd boosted its holdings in shares of S&P Global by 0.8% in the second quarter. Ninety One UK Ltd now owns 928,559 shares of the business services provider’s stock valued at $489,620,000 after acquiring an additional 7,553 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of S&P Global by 4.3% during the third 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 period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of analyst reports. BMO Capital Markets set a $546.00 price objective on S&P Global in a 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 cut their price objective on 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. Mizuho upped their target price on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $615.64.

S&P Global Trading Down 1.1%

NYSE SPGI opened at $539.50 on Tuesday. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The firm’s fifty day simple moving average is $512.08 and its 200-day simple moving average is $517.19. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $163.36 billion, a PE ratio of 39.73, a price-to-earnings-growth ratio of 2.33 and a beta of 1.21.

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 the consensus estimate of $4.26 by $0.47. The company had revenue of $3.89 billion for 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 revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.89 earnings per share. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a 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 (DPR) is currently 27.93%.

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.