Equities Analysts Issue Forecasts for S&P Global Q3 Earnings

S&P Global Inc. (NYSE:SPGI) – Stock analysts at William Blair lifted their Q3 2024 earnings per share estimates for shares of S&P Global in a research note issued on Tuesday, October 15th. William Blair analyst A. Nicholas now forecasts that the business services provider will earn $3.72 per share for the quarter, up from their prior estimate of $3.34. The consensus estimate for S&P Global’s current full-year earnings is $14.61 per share.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.37. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.12 earnings per share.

Several other analysts have also recently weighed in on SPGI. Oppenheimer boosted their price objective on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. BMO Capital Markets boosted their price target on S&P Global from $537.00 to $589.00 and gave the company an “outperform” rating in a research note on Tuesday. Royal Bank of Canada raised their price objective on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Barclays upped their target price on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Finally, UBS Group raised their price target on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $565.17.

S&P Global Stock Up 1.1 %

SPGI opened at $524.80 on Friday. The stock has a fifty day moving average of $512.21 and a 200-day moving average of $467.89. The company has a market capitalization of $164.21 billion, a P/E ratio of 58.83, a P/E/G ratio of 2.91 and a beta of 1.18. S&P Global has a fifty-two week low of $340.49 and a fifty-two week high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03.

Institutional Trading of S&P Global

Several large investors have recently made changes to their positions in SPGI. Fisher Asset Management LLC lifted its stake in shares of S&P Global by 0.9% in the fourth quarter. Fisher Asset Management LLC now owns 6,383 shares of the business services provider’s stock valued at $2,812,000 after buying an additional 60 shares in the last quarter. Signal Advisors Wealth LLC bought a new stake in S&P Global during the 1st quarter worth approximately $329,000. Wedmont Private Capital raised its stake in shares of S&P Global by 2.7% in the first quarter. Wedmont Private Capital now owns 3,152 shares of the business services provider’s stock worth $1,371,000 after purchasing an additional 83 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of S&P Global by 3.5% in the first quarter. Park Avenue Securities LLC now owns 12,069 shares of the business services provider’s stock valued at $5,135,000 after purchasing an additional 410 shares in the last quarter. Finally, Aprio Wealth Management LLC lifted its holdings in shares of S&P Global by 23.7% in the first quarter. Aprio Wealth Management LLC now owns 699 shares of the business services provider’s stock valued at $297,000 after purchasing an additional 134 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at S&P Global

In related news, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the transaction, the director now directly owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Edouard Tavernier sold 500 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the sale, the insider now owns 13,217 shares in the company, valued at $6,496,816.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the sale, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,862 shares of company stock worth $8,645,727 over the last three months. Company insiders own 0.10% of the company’s stock.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.69%. S&P Global’s dividend payout ratio is 40.81%.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.