S&P Global Inc. $SPGI Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 760,240 shares of the business services provider’s stock after selling 13,430 shares during the quarter. Baillie Gifford & Co.’s holdings in S&P Global were worth $370,016,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. Emerald Advisers LLC lifted its holdings in shares of S&P Global by 2.0% during the 2nd quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock worth $480,000 after acquiring an additional 18 shares during the period. Fullcircle Wealth LLC raised its stake in S&P Global by 1.0% during the second quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock worth $984,000 after purchasing an additional 18 shares during the period. Summitry LLC raised its stake in S&P Global by 2.1% during the second quarter. Summitry LLC now owns 883 shares of the business services provider’s stock worth $466,000 after purchasing an additional 18 shares during the period. Hamilton Capital LLC boosted its holdings in shares of S&P Global by 4.5% in the 2nd quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock valued at $220,000 after purchasing an additional 18 shares during the last quarter. Finally, Sand Hill Global Advisors LLC grew its stake 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 valued at $333,000 after buying an additional 19 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE: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 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 one year low of $427.14 and a one year high of $579.05. The business’s 50-day simple moving average is $514.76 and its 200 day simple moving average is $517.38.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share for the quarter, topping analysts’ consensus estimates of $4.26 by $0.47. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the prior year, the business earned $3.89 EPS. S&P Global’s quarterly 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. On average, sell-side analysts forecast 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. Investors of record on Wednesday, February 25th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend 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 (DPR) is 27.93%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SPGI shares. Stifel Nicolaus cut their target price on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. William Blair restated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Mizuho lifted their price objective 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. Evercore ISI boosted their target price on S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Finally, Morgan Stanley raised their price target 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. One analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $615.64.

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.