Sumitomo Mitsui Trust Group Inc. Grows Stock Position in S&P Global Inc. $SPGI

Sumitomo Mitsui Trust Group Inc. lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 746,847 shares of the business services provider’s stock after purchasing an additional 14,589 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.24% of S&P Global worth $363,498,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SPGI. Vanguard Group Inc. grew its position in shares of S&P Global by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock valued at $15,868,750,000 after acquiring an additional 315,916 shares during the period. TCI Fund Management Ltd. lifted its position in S&P Global by 7.0% during the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock valued at $5,848,502,000 after purchasing an additional 730,354 shares in the last quarter. Geode Capital Management LLC grew its holdings in S&P Global by 0.6% during the second quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock valued at $3,565,889,000 after purchasing an additional 42,724 shares during the period. Norges Bank purchased a new stake in S&P Global in the second quarter worth about $2,188,945,000. Finally, Valeo Financial Advisors LLC raised its stake in shares of S&P Global by 70,734.1% in the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after buying an additional 3,163,938 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SPGI shares. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Wells Fargo & Company upped their price target on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Evercore ISI raised their price objective on shares of S&P Global from $629.00 to $632.00 and gave the company an “outperform” rating in a research report on Thursday. BMO Capital Markets set a $546.00 target price on shares of S&P Global in a report on Friday, November 14th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $615.14.

S&P Global Stock Up 0.1%

Shares of SPGI stock opened at $542.34 on Monday. The company’s fifty day simple moving average is $506.15 and its two-hundred day simple moving average is $516.34. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The stock has a market cap of $164.22 billion, a P/E ratio of 39.44, a PEG ratio of 2.31 and a beta of 1.21. 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 issued its 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 return on equity of 15.90% and a net margin of 28.10%.The firm had revenue of $1.87 billion for the quarter. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. Analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

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.