Obermeyer Wealth Partners Sells 2,262 Shares of S&P Global Inc. $SPGI

Obermeyer Wealth Partners trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 60.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,504 shares of the business services provider’s stock after selling 2,262 shares during the period. Obermeyer Wealth Partners’ holdings in S&P Global were worth $732,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. boosted its stake in shares of 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 buying an additional 850 shares during the period. Divergent Planning LLC acquired a new stake in shares of S&P Global during the 2nd quarter worth $303,000. Vanguard Group Inc. increased its position in shares of S&P Global by 1.1% in the second quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after purchasing an additional 315,916 shares during the period. Ninety One UK Ltd lifted its position in S&P Global by 0.8% during the second quarter. Ninety One UK Ltd now owns 928,559 shares of the business services provider’s stock worth $489,620,000 after purchasing an additional 7,553 shares during the period. Finally, Asset Management One Co. Ltd. grew its stake in S&P Global by 4.4% during the third quarter. Asset Management One Co. Ltd. now owns 171,580 shares of the business services provider’s stock worth $83,510,000 after buying an additional 7,179 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Down 0.4%

Shares of SPGI opened at $542.30 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The stock has a market capitalization of $164.21 billion, a price-to-earnings ratio of 39.44, a PEG ratio of 2.32 and a beta of 1.21. The stock has a fifty day moving average of $507.95 and a 200-day moving average of $516.71.

S&P Global (NYSE:SPGI) last issued its 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 business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.77 billion. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.89 EPS. 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.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. William Blair restated an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. 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 restated a “buy” rating and set a $640.00 target price on shares of S&P Global in a research note on Tuesday, December 16th. JPMorgan Chase & Co. reduced their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Finally, Morgan Stanley lifted their price target on S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company. According to MarketBeat, S&P Global presently has a consensus rating of “Buy” and an average target price of $615.64.

S&P Global 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.