Sage Investment Counsel LLC Buys 3,088 Shares of S&P Global Inc. $SPGI

Sage Investment Counsel LLC purchased a new position in S&P Global Inc. (NYSE:SPGI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,088 shares of the business services provider’s stock, valued at approximately $1,218,000. S&P Global accounts for approximately 1.2% of Sage Investment Counsel LLC’s investment portfolio, making the stock its 24th biggest position.

A number of other large investors have also bought and sold shares of SPGI. State Street Corp boosted its holdings in S&P Global by 2.2% in the second quarter. State Street Corp now owns 14,482,789 shares of the business services provider’s stock worth $5,898,261,000 after acquiring an additional 307,255 shares in the last quarter. Unisphere Establishment increased its holdings in shares of S&P Global by 6.5% during the first quarter. Unisphere Establishment now owns 2,130,050 shares of the business services provider’s stock valued at $905,995,000 after acquiring an additional 130,050 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of S&P Global during the second quarter valued at approximately $865,892,000. Soroban Capital Partners LP increased its holdings in shares of S&P Global by 260.3% during the first quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock valued at $718,247,000 after acquiring an additional 1,219,990 shares in the last quarter. Finally, EdgePoint Investment Group Inc. acquired a new position in shares of S&P Global during the first quarter worth approximately $702,911,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. UBS Group cut their target price on S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Citigroup boosted their price target on shares of S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Mizuho decreased their price target on shares of S&P Global from $554.00 to $531.00 and set an “outperform” rating for the company in a research note on Monday, October 5th. Royal Bank Of Canada restated an “outperform” rating and set a $510.00 price objective on shares of S&P Global in a report on Wednesday, August 26th. Finally, Bank of America dropped their price objective on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Eighteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and an average price target of $515.88.

More S&P Global News

Here are the key news stories impacting S&P Global this week:

• Positive Sentiment: OpenZeppelin acquisition completed: S&P Global closed its purchase of OpenZeppelin, a provider of security standards for onchain finance. The deal expands SPGI’s digital-asset risk assessment, security evaluation and benchmarking capabilities as financial markets increasingly move onchain. The acquisition was cited as a catalyst for investor interest. S&P Global Completes Acquisition of OpenZeppelin
• Positive Sentiment: New Kalshi partnership expands index monetization opportunities: S&P Dow Jones Indices named Kalshi a preferred prediction-market platform for contracts tied to its benchmarks, while S&P DJI becomes a preferred index provider for Kalshi’s event-contract data. The agreement could broaden the reach and licensing applications of SPGI’s indices, although the near-term financial contribution is unclear. S&P Dow Jones Indices and Kalshi Collaboration
• Neutral Sentiment: Upcoming earnings are in focus: S&P Global was expected to report quarterly results on Tuesday. The company’s latest reported quarter showed adjusted EPS of $4.83, revenue of $4.15 billion and 10.4% year-over-year revenue growth, modestly exceeding analyst estimates. Analysts forecast full-year EPS of approximately $17.69. S&P Global Expected to Post Earnings
• Neutral Sentiment: Mobility spin-off completed: The separation included $53 million in costs, creating a one-time financial burden but simplifying SPGI’s portfolio and allowing greater focus on its core information and analytics businesses. S&P Global Completes Mobility Spin-off
• Negative Sentiment: Valuation may constrain upside: Despite strong excess returns and solid operating performance, one analysis described SPGI as fully priced. With shares trading above their 200-day moving average and at a forward-looking premium, investors may need continued earnings growth to justify additional gains. S&P Global Stock Looks Fully Priced

S&P Global Stock Performance

Shares of SPGI opened at $449.92 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a 50 day moving average price of $418.22 and a two-hundred day moving average price of $433.79. The firm has a market capitalization of $132.64 billion, a P/E ratio of 27.47, a P/E/G ratio of 2.19 and a beta of 1.09. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $552.25.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping the consensus estimate of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the business posted $4.43 earnings per share. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Equities analysts forecast that S&P Global Inc. will post 17.69 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s payout ratio is presently 23.69%.

About S&P Global

S&P Global (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.