Whittier Trust Co. Has $33.41 Million Stock Holdings in S&P Global Inc. $SPGI

Whittier Trust Co. grew its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,625 shares of the business services provider’s stock after buying an additional 1,972 shares during the quarter. Whittier Trust Co.’s holdings in S&P Global were worth $33,407,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SPGI. MTM Investment Management LLC purchased a new position in S&P Global during the 2nd quarter worth $27,000. J.Safra Asset Management Corp purchased a new position in S&P Global during the third quarter worth about $29,000. Spurstone Advisory Services LLC bought a new stake in S&P Global in the 2nd quarter worth about $34,000. Howard Hughes Medical Institute purchased a new stake in S&P Global in the 2nd quarter valued at about $36,000. Finally, First Pacific Financial increased its stake in S&P Global by 51.0% in the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after buying an additional 25 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of NYSE SPGI opened at $533.12 on Friday. The stock has a fifty day moving average of $514.76 and a 200-day moving average of $517.32. The stock has a market cap of $161.43 billion, a PE ratio of 38.77, a price-to-earnings-growth ratio of 2.27 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 fifty-two week low of $427.14 and a fifty-two week high of $579.05.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share for the quarter, beating 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 business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the previous year, the firm earned $3.89 EPS. The company’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. Equities research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This is an increase from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a dividend yield of 0.7%. S&P Global’s payout ratio is currently 27.93%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. The Goldman Sachs Group restated a “buy” rating and issued a $640.00 price objective on shares of S&P Global in a research note on Tuesday, December 16th. Mizuho boosted their price target on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Stifel Nicolaus decreased their price objective on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday, October 31st. Seaport Research Partners raised shares of S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, BMO Capital Markets set a $546.00 target price on shares of S&P Global in a research report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company’s stock. According to MarketBeat, S&P Global presently has a consensus rating of “Buy” and a consensus price target 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.