Q4 2023 EPS Estimates for S&P Global Inc. Increased by Analyst (NYSE:SPGI)

S&P Global Inc. (NYSE:SPGIFree Report) – Equities researchers at William Blair boosted their Q4 2023 earnings per share (EPS) estimates for shares of S&P Global in a note issued to investors on Tuesday, January 30th. William Blair analyst A. Nicholas now expects that the business services provider will earn $3.13 per share for the quarter, up from their prior estimate of $3.06. The consensus estimate for S&P Global’s current full-year earnings is $12.62 per share.

A number of other equities analysts have also issued reports on the company. Raymond James increased their price target on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. TheStreet raised S&P Global from a “c+” rating to a “b-” rating in a research note on Monday, November 27th. Finally, StockNews.com started coverage on S&P Global in a research note on Thursday, October 5th. They set a “hold” rating for the company. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $433.22.

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S&P Global Stock Up 2.0 %

SPGI opened at $457.20 on Thursday. S&P Global has a 12 month low of $321.14 and a 12 month high of $457.46. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $144.84 billion, a P/E ratio of 59.15, a P/E/G ratio of 2.39 and a beta of 1.19. The stock’s 50 day moving average price is $433.60 and its 200 day moving average price is $401.61.

S&P Global (NYSE:SPGIGet Free Report) last posted its earnings results on Thursday, November 2nd. The business services provider reported $3.21 EPS for the quarter, beating the consensus estimate of $3.05 by $0.16. S&P Global had a return on equity of 10.72% and a net margin of 20.20%. The firm had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.02 billion.

Institutional Trading of S&P Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. BCK Partners Inc. bought a new stake in shares of S&P Global in the 1st quarter valued at approximately $1,969,000. Markel Corp grew its stake in shares of S&P Global by 0.8% in the 1st quarter. Markel Corp now owns 149,790 shares of the business services provider’s stock valued at $61,441,000 after purchasing an additional 1,250 shares during the period. Synovus Financial Corp grew its stake in shares of S&P Global by 1.6% in the 1st quarter. Synovus Financial Corp now owns 2,239 shares of the business services provider’s stock valued at $919,000 after purchasing an additional 36 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of S&P Global by 115.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,154 shares of the business services provider’s stock valued at $883,000 after purchasing an additional 1,154 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of S&P Global by 12.4% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 736 shares of the business services provider’s stock valued at $302,000 after purchasing an additional 81 shares during the period. Institutional investors and hedge funds own 85.50% of the company’s stock.

Insider Activity at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $405.28, for a total transaction of $2,431,680.00. Following the completion of the sale, the chief executive officer now owns 163,613 shares of the company’s stock, valued at $66,309,076.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Tuesday, February 27th will be given a dividend of $0.91 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Monday, February 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.80%. S&P Global’s dividend payout ratio (DPR) is presently 46.57%.

About S&P Global

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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 six segments: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

See Also

Earnings History and Estimates for S&P Global (NYSE:SPGI)

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