Sumitomo Mitsui DS Asset Management Company Ltd Raises Holdings in S&P Global Inc. $SPGI

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 12.4% in the third quarter, Holdings Channel reports. The institutional investor owned 64,187 shares of the business services provider’s stock after acquiring an additional 7,086 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in S&P Global were worth $31,240,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SPGI. Brighton Jones LLC boosted its position in S&P Global by 4.7% during 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 in the last quarter. Caxton Associates LLP purchased a new stake in shares of S&P Global during the first quarter valued at about $386,000. Empowered Funds LLC boosted its holdings in shares of S&P Global by 68.1% in the 1st quarter. Empowered Funds LLC now owns 11,824 shares of the business services provider’s stock valued at $6,008,000 after buying an additional 4,791 shares in the last quarter. SCS Capital Management LLC purchased a new position in shares of S&P Global in the 1st quarter worth approximately $240,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of S&P Global by 20.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,223 shares of the business services provider’s stock worth $1,129,000 after acquiring an additional 370 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SPGI shares. Citigroup raised their target price on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Mizuho raised their price target on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Morgan Stanley boosted their price target on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Finally, William Blair reiterated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Two research analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $615.14.

S&P Global Trading Up 0.1%

S&P Global stock opened at $542.34 on Friday. The stock has a 50-day moving average price of $506.15 and a 200 day moving average price of $516.42. The company has a market capitalization of $164.22 billion, a price-to-earnings ratio of 39.44, a price-to-earnings-growth ratio of 2.31 and a beta of 1.21. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34.

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