Spear Holdings RSC Ltd Purchases 59,400 Shares of S&P Global Inc. $SPGI

Spear Holdings RSC Ltd raised its stake in S&P Global Inc. (NYSE:SPGI) by 75.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,300 shares of the business services provider’s stock after purchasing an additional 59,400 shares during the quarter. S&P Global comprises about 5.3% of Spear Holdings RSC Ltd’s investment portfolio, making the stock its 7th biggest position. Spear Holdings RSC Ltd’s holdings in S&P Global were worth $72,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Divergent Planning LLC purchased a new stake in shares of S&P Global during the 2nd quarter valued at about $303,000. Dynamic Advisor Solutions LLC grew its position in S&P Global by 6.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock valued at $6,568,000 after acquiring an additional 733 shares in the last quarter. SCS Capital Management LLC purchased a new stake in shares of S&P Global during the first quarter valued at approximately $240,000. Foster Victor Wealth Advisors LLC raised its stake in shares of S&P Global by 4.6% during the second quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider’s stock valued at $16,562,000 after purchasing an additional 1,383 shares during the period. Finally, Caxton Associates LLP acquired a new position in shares of S&P Global during the first quarter worth $386,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of S&P Global stock opened at $478.28 on Tuesday. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The stock has a market cap of $146.02 billion, a PE ratio of 36.79, a price-to-earnings-growth ratio of 2.55 and a beta of 1.19. The company’s 50-day moving average price is $534.32 and its two-hundred day moving average price is $515.02. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.25. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.S&P Global’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s payout ratio is 29.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Oppenheimer boosted their price objective on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. UBS Group increased their target price on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a research report on Saturday, September 27th. Finally, Morgan Stanley upped their price target on S&P Global from $595.00 to $615.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat, S&P Global has an average rating of “Buy” and an average price target of $614.46.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.