WealthShield Partners LLC Has $3.25 Million Stake in S&P Global Inc. $SPGI

WealthShield Partners LLC lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 30.2% during the third quarter, Holdings Channel reports. The fund owned 6,667 shares of the business services provider’s stock after buying an additional 1,548 shares during the quarter. WealthShield Partners LLC’s holdings in S&P Global were worth $3,245,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SPGI. MTM Investment Management LLC bought a new stake in S&P Global in the 2nd quarter valued at about $27,000. J.Safra Asset Management Corp acquired a new position in S&P Global during the third quarter worth $29,000. Spurstone Advisory Services LLC bought a new position in shares of S&P Global in the second quarter valued at $34,000. Howard Hughes Medical Institute acquired a new position in shares of S&P Global during the second quarter valued at about $36,000. Finally, Solstein Capital LLC bought a new stake in shares of S&P Global during the second quarter worth about $38,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $640.00 price target on shares of S&P Global in a research report on Tuesday, December 16th. Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. Evercore ISI lifted their target price on S&P Global from $629.00 to $632.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. BMO Capital Markets set a $546.00 price target on S&P Global in a research report on Friday, November 14th. Finally, Mizuho lifted their price objective on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $615.64.

S&P Global Stock Down 1.2%

Shares of NYSE:SPGI opened at $533.12 on Monday. The firm has a fifty day moving average of $514.76 and a 200 day moving average of $517.24. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $161.43 billion, a PE ratio of 38.77, a price-to-earnings-growth ratio of 2.27 and a beta of 1.21.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 30th. The business services provider reported $4.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.26 by $0.47. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.77 billion. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.89 EPS. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. As a group, research analysts anticipate that S&P Global Inc. will post 17.11 EPS 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. Stockholders 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 dividend yield of 0.7%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Wednesday, February 25th. S&P Global’s payout ratio is currently 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.