Q4 2024 EPS Estimates for S&P Global Inc. Reduced by William Blair (NYSE:SPGI)

S&P Global Inc. (NYSE:SPGI) – Stock analysts at William Blair lowered their Q4 2024 earnings per share estimates for shares of S&P Global in a report released on Monday, April 15th. William Blair analyst A. Nicholas now anticipates that the business services provider will earn $3.36 per share for the quarter, down from their previous forecast of $3.39. The consensus estimate for S&P Global’s current full-year earnings is $14.02 per share.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.54 EPS.

A number of other brokerages have also commented on SPGI. BMO Capital Markets increased their price objective on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a report on Friday, February 9th. Barclays raised their target price on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $480.00 target price on shares of S&P Global in a report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $464.22.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $409.56 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $131.17 billion, a price-to-earnings ratio of 49.76, a P/E/G ratio of 2.36 and a beta of 1.15. The business’s 50-day simple moving average is $427.55 and its 200-day simple moving average is $414.99. S&P Global has a 52 week low of $338.92 and a 52 week high of $461.16.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were given a $0.91 dividend. The ex-dividend date was Monday, February 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.89%. This is an increase from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s dividend payout ratio (DPR) is currently 44.23%.

Insiders Place Their Bets

In related news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 162,530 shares in the company, valued at approximately $69,032,992.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On S&P Global

Several hedge funds and other institutional investors have recently modified their holdings of the stock. D.B. Root & Company LLC lifted its position in shares of S&P Global by 3.6% during the 4th quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock worth $292,000 after buying an additional 23 shares during the period. Mayflower Financial Advisors LLC raised its position in S&P Global by 3.3% in the 4th quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock valued at $315,000 after purchasing an additional 23 shares during the last quarter. Allworth Financial LP raised its position in S&P Global by 1.8% in the 4th quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock valued at $598,000 after purchasing an additional 24 shares during the last quarter. Oakworth Capital Inc. raised its position in S&P Global by 31.2% in the 4th quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 24 shares during the last quarter. Finally, Independence Bank of Kentucky raised its position in S&P Global by 1.7% in the 4th quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock valued at $655,000 after purchasing an additional 25 shares during the last quarter. 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.