William Blair Research Analysts Cut Earnings Estimates for S&P Global Inc. (NYSE:SPGI)

S&P Global Inc. (NYSE:SPGI) – Investment analysts at William Blair reduced their Q2 2024 earnings estimates for shares of S&P Global in a note issued to investors on Monday, April 29th. William Blair analyst A. Nicholas now forecasts that the business services provider will earn $3.43 per share for the quarter, down from their prior forecast of $3.49. The consensus estimate for S&P Global’s current full-year earnings is $14.09 per share. William Blair also issued estimates for S&P Global’s FY2025 earnings at $15.75 EPS.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion.

Several other analysts also recently commented on SPGI. Stifel Nicolaus increased their target price on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday, April 26th. Oppenheimer upped their price target on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Raymond James upped their price objective on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Finally, Barclays lifted their target price on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $462.60.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $416.21 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock has a market cap of $130.23 billion, a PE ratio of 46.66, a price-to-earnings-growth ratio of 2.32 and a beta of 1.15. The stock’s fifty day simple moving average is $423.26 and its two-hundred day simple moving average is $418.76. S&P Global has a 1-year low of $340.49 and a 1-year high of $461.16.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.87%. S&P Global’s dividend payout ratio (DPR) is currently 40.81%.

Insider Transactions at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the sale, the chief executive officer now owns 162,530 shares in the company, valued at approximately $69,032,992.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Institutional Trading of S&P Global

Several hedge funds and other institutional investors have recently bought and sold shares of SPGI. Exchange Traded Concepts LLC boosted its holdings in S&P Global by 819.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,085 shares of the business services provider’s stock valued at $396,000 after acquiring an additional 967 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of S&P Global by 1.0% in the third quarter. Commonwealth Equity Services LLC now owns 44,961 shares of the business services provider’s stock worth $16,430,000 after purchasing an additional 463 shares during the last quarter. Vicus Capital increased its stake in shares of S&P Global by 170.1% in the third quarter. Vicus Capital now owns 1,634 shares of the business services provider’s stock worth $597,000 after buying an additional 1,029 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in S&P Global by 2.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 57,786 shares of the business services provider’s stock valued at $21,116,000 after buying an additional 1,320 shares during the last quarter. Finally, Pinnacle Associates Ltd. raised its holdings in S&P Global by 33.9% during the 3rd quarter. Pinnacle Associates Ltd. now owns 2,130 shares of the business services provider’s stock valued at $778,000 after buying an additional 539 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Company Profile

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.