Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Raises Stock Holdings in S&P Global Inc. $SPGI

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 68.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,850 shares of the business services provider’s stock after purchasing an additional 3,589 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in S&P Global were worth $4,272,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of S&P Global in the 2nd quarter valued at approximately $26,000. MTM Investment Management LLC acquired a new stake in shares of S&P Global in the 2nd quarter worth approximately $27,000. Spurstone Advisory Services LLC acquired a new position in S&P Global during the second quarter worth about $34,000. Howard Hughes Medical Institute bought a new stake in S&P Global during the second quarter worth approximately $36,000. Finally, Solstein Capital LLC purchased a new position in S&P Global in the 2nd quarter worth about $38,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SPGI. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Stifel Nicolaus decreased their target price on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research note on Friday, October 31st. JPMorgan Chase & Co. dropped their price objective 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. BMO Capital Markets set a $546.00 price objective on shares of S&P Global in a research note on Friday, November 14th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $640.00 price objective on shares of S&P Global in a report on Tuesday, December 16th. Two analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $615.14.

S&P Global Trading Up 0.1%

SPGI stock opened at $542.34 on Monday. The company has a market capitalization of $164.22 billion, a PE ratio of 39.44, a price-to-earnings-growth ratio of 2.31 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. The company’s 50-day simple moving average is $506.15 and its 200 day simple moving average is $516.34. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05.

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

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.