S&P Global Inc. $SPGI Stake Lessened by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 91.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192 shares of the business services provider’s stock after selling 2,128 shares during the period. Geneos Wealth Management Inc.’s holdings in S&P Global were worth $94,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SPGI. Hennion & Walsh Asset Management Inc. increased its position in shares of S&P Global by 6.1% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 14,890 shares of the business services provider’s stock valued at $7,247,000 after purchasing an additional 851 shares during the period. Community Trust & Investment Co. grew its holdings in S&P Global by 4.6% during the third quarter. Community Trust & Investment Co. now owns 28,917 shares of the business services provider’s stock worth $14,074,000 after acquiring an additional 1,275 shares during the period. Byrne Asset Management LLC raised its position in S&P Global by 4.3% in the third quarter. Byrne Asset Management LLC now owns 778 shares of the business services provider’s stock worth $379,000 after acquiring an additional 32 shares in the last quarter. Chicago Capital LLC lifted its holdings in S&P Global by 1.5% in the 3rd quarter. Chicago Capital LLC now owns 21,834 shares of the business services provider’s stock valued at $10,627,000 after acquiring an additional 322 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in S&P Global by 9.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 583,485 shares of the business services provider’s stock valued at $283,988,000 after acquiring an additional 49,565 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Stifel Nicolaus dropped their target price on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a report on Friday, October 31st. William Blair restated an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Wells Fargo & Company upped their price target on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Mizuho increased their price objective on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Finally, Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $615.14.

S&P Global Stock Up 0.4%

SPGI stock opened at $544.34 on Tuesday. 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 firm has a market capitalization of $164.82 billion, a P/E ratio of 39.59, a P/E/G ratio of 2.31 and a beta of 1.21. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The company’s 50 day simple moving average is $507.10 and its 200-day simple moving average is $516.54.

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 for 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 anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

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.