S&P Global Inc. $SPGI Shares Sold by CoreCap Advisors LLC

CoreCap Advisors LLC decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 74.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 500 shares of the business services provider’s stock after selling 1,442 shares during the quarter. CoreCap Advisors LLC’s holdings in S&P Global were worth $244,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group purchased a new stake in S&P Global during the 2nd quarter valued at about $26,000. MTM Investment Management LLC acquired a new position in shares of S&P Global during the 2nd quarter worth approximately $27,000. Spurstone Advisory Services LLC purchased a new stake in shares of S&P Global in the second quarter valued at approximately $34,000. Howard Hughes Medical Institute acquired a new stake in shares of S&P Global in the second quarter valued at approximately $36,000. Finally, First Pacific Financial increased its holdings in shares of S&P Global by 51.0% in the third quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 25 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. Stifel Nicolaus dropped their price objective on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday, October 31st. Mizuho raised their price objective on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. JPMorgan Chase & Co. decreased their target price on shares of 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, Wells Fargo & Company increased their price target on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $615.14.

S&P Global Price Performance

S&P Global stock opened at $544.34 on Tuesday. The company’s 50 day simple moving average is $507.10 and its 200-day simple moving average is $516.54. 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 1 year low of $427.14 and a 1 year high of $579.05. The company has a market capitalization of $164.82 billion, a price-to-earnings ratio of 39.59, a price-to-earnings-growth ratio of 2.31 and a beta of 1.21.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The firm had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. As a group, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

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.