Mitsubishi UFJ Trust & Banking Corp Sells 14,893 Shares of S&P Global Inc. $SPGI

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 6.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 207,079 shares of the business services provider’s stock after selling 14,893 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in S&P Global were worth $100,787,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPGI. Emerald Advisers LLC grew its position in S&P Global by 2.0% during the second quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock worth $480,000 after buying an additional 18 shares in the last quarter. Fullcircle Wealth LLC raised its holdings in S&P Global by 1.0% in the 2nd quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock valued at $984,000 after acquiring an additional 18 shares in the last quarter. Summitry LLC lifted its position in shares of S&P Global by 2.1% during the 2nd quarter. Summitry LLC now owns 883 shares of the business services provider’s stock valued at $466,000 after acquiring an additional 18 shares during the period. Hamilton Capital LLC lifted its position in shares of S&P Global by 4.5% during the 2nd quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock valued at $220,000 after acquiring an additional 18 shares during the period. Finally, Sand Hill Global Advisors LLC grew its holdings in shares of S&P Global by 3.1% during the 2nd quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock worth $333,000 after purchasing an additional 19 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Down 1.2%

SPGI opened at $533.12 on Friday. The company has a market cap of $161.43 billion, a P/E ratio of 38.77, a PEG ratio of 2.30 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 company’s 50 day moving average is $514.76 and its 200-day moving average is $517.38. 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 issued its quarterly earnings data 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. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the firm earned $3.89 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. Equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be paid a $0.97 dividend. 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. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio is currently 28.22%.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of analyst reports. Mizuho boosted their price target 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. Seaport Research Partners upgraded shares of S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Morgan Stanley upped their price target on shares of S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. William Blair reissued an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Finally, Evercore ISI upped their target price on S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, S&P Global has a consensus rating of “Buy” and an average price target 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.