Professional Advisory Services Inc. Has $12.67 Million Stock Holdings in S&P Global Inc. $SPGI

Professional Advisory Services Inc. reduced its position in S&P Global Inc. (NYSE:SPGI) by 4.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 26,041 shares of the business services provider’s stock after selling 1,275 shares during the period. Professional Advisory Services Inc.’s holdings in S&P Global were worth $12,674,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in S&P Global by 1.1% during the 2nd 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 last quarter. TCI Fund Management Ltd. raised its stake in shares of S&P Global by 7.0% during the second 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. Geode Capital Management LLC lifted its holdings in S&P Global by 0.6% in the second quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock valued at $3,565,889,000 after buying an additional 42,724 shares during the period. Norges Bank bought a new position in S&P Global in the second quarter valued at approximately $2,188,945,000. Finally, Valeo Financial Advisors LLC grew its holdings in S&P Global by 70,734.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after acquiring an additional 3,163,938 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Mizuho increased their target price on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. JPMorgan Chase & Co. decreased their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 29th. Finally, Morgan Stanley boosted their price objective on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the stock. According to MarketBeat, S&P Global presently has an average rating of “Buy” and an average price target of $615.64.

S&P Global Trading Up 0.2%

NYSE:SPGI opened at $546.25 on Tuesday. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $165.40 billion, a PE ratio of 39.73, a price-to-earnings-growth ratio of 2.33 and a beta of 1.21. The business’s 50-day simple moving average is $512.08 and its 200-day simple moving average is $517.19.

S&P Global (NYSE:SPGI) last posted 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%.S&P Global’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.89 EPS. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. Sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be issued a dividend of $0.97 per share. The ex-dividend date is Wednesday, February 25th. This is a positive change 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%. S&P Global’s dividend payout ratio (DPR) is 27.93%.

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.