UNIVEST FINANCIAL Corp Lowers Stock Position in S&P Global Inc. $SPGI

UNIVEST FINANCIAL Corp cut its holdings in S&P Global Inc. (NYSE:SPGI) by 5.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,578 shares of the business services provider’s stock after selling 1,973 shares during the quarter. S&P Global makes up about 1.0% of UNIVEST FINANCIAL Corp’s holdings, making the stock its 18th biggest holding. UNIVEST FINANCIAL Corp’s holdings in S&P Global were worth $17,316,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SPGI. Norges Bank purchased a new stake in S&P Global in the second quarter worth about $2,188,945,000. Valeo Financial Advisors LLC lifted its holdings in shares of S&P Global by 70,734.1% during the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after purchasing an additional 3,163,938 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of S&P Global by 3,430.6% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock worth $819,699,000 after purchasing an additional 1,510,540 shares in the last quarter. TCI Fund Management Ltd. grew its stake in shares of S&P Global by 7.0% in the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after buying an additional 730,354 shares during the last quarter. Finally, Mizuho Markets Americas LLC grew its stake in shares of S&P Global by 104,031.3% in the 3rd quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock worth $289,900,000 after buying an additional 595,059 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SPGI shares. William Blair reissued an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Evercore ISI upped their price target on shares of S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Seaport Research Partners raised shares of S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $640.00 target price on shares of S&P Global in a report on Tuesday, December 16th. Finally, Stifel Nicolaus lowered their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $615.64.

S&P Global Price Performance

Shares of SPGI opened at $539.61 on Friday. The firm has a market cap of $163.39 billion, a PE 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. The firm has a fifty day simple moving average of $513.97 and a two-hundred day simple moving average of $517.36. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings results 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 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% on a year-over-year basis. During the same period last year, the business posted $3.89 EPS. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. On average, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm 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 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, February 25th. This is an increase from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s payout ratio 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.