S&P Global Inc. $SPGI Stock Position Boosted by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC grew its position in S&P Global Inc. (NYSE:SPGI) by 104,031.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 595,631 shares of the business services provider’s stock after buying an additional 595,059 shares during the period. S&P Global accounts for approximately 5.5% of Mizuho Markets Americas LLC’s investment portfolio, making the stock its 5th largest position. Mizuho Markets Americas LLC’s holdings in S&P Global were worth $289,900,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its position in S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after purchasing an additional 143 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of S&P Global by 7.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock worth $547,000 after purchasing an additional 75 shares during the period. Sovran Advisors LLC raised its holdings in S&P Global by 45.2% in the 2nd quarter. Sovran Advisors LLC now owns 707 shares of the business services provider’s stock valued at $372,000 after buying an additional 220 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new position in S&P Global in the second quarter valued at about $26,000. Finally, AA Financial Advisors LLC purchased a new position in S&P Global during the second quarter worth about $291,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SPGI. BMO Capital Markets set a $546.00 price objective on shares of S&P Global in a report on Friday, November 14th. Mizuho upped their price target on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. The Goldman Sachs Group reiterated a “buy” rating and issued a $640.00 price objective on shares of S&P Global in a report on Tuesday, December 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. Finally, Evercore ISI boosted their price objective on S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $615.64.

S&P Global Trading Up 0.2%

Shares of S&P Global stock opened at $546.25 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $511.03 and a 200-day simple moving average of $517.09. The stock has a market cap of $165.40 billion, a price-to-earnings ratio of 39.73, a PEG ratio of 2.33 and a beta of 1.21. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 30th. The business services provider reported $4.73 EPS for the quarter, topping the consensus estimate of $4.26 by $0.47. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the business earned $3.89 EPS. S&P Global’s revenue for the quarter 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, equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be given a $0.97 dividend. The ex-dividend date is Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a yield of 0.7%. S&P Global’s dividend payout ratio (DPR) is currently 27.93%.

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.