Fintel reports that on October 2, 2024, Evercore ISI Group initiated coverage of S&P Global (NYSE:SPGI) with a Outperform recommendation.
Analyst Price Forecast Suggests 8.24% Upside
As of September 24, 2024, the average one-year price target for S&P Global is $557.09/share. The forecasts range from a low of $404.00 to a high of $640.50. The average price target represents an increase of 8.24% from its latest reported closing price of $514.70 / share.
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The projected annual revenue for S&P Global is 13,770MM, an increase of 3.72%. The projected annual non-GAAP EPS is 15.02.
What is the Fund Sentiment?
There are 2,907 funds or institutions reporting positions in S&P Global. This is an decrease of 13 owner(s) or 0.45% in the last quarter. Average portfolio weight of all funds dedicated to SPGI is 0.57%, an increase of 2.55%. Total shares owned by institutions increased in the last three months by 1.52% to 306,743K shares. 
The put/call ratio of SPGI is 0.99, indicating a bullish outlook.
What are Other Shareholders Doing?
TCI Fund Management holds 10,400K shares representing 3.32% ownership of the company. In its prior filing, the firm reported owning 9,033K shares , representing an increase of 13.15%. The firm increased its portfolio allocation in SPGI by 16.97% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 10,116K shares representing 3.23% ownership of the company. In its prior filing, the firm reported owning 9,871K shares , representing an increase of 2.43%. The firm increased its portfolio allocation in SPGI by 4.47% over the last quarter.
Wellington Management Group Llp holds 8,576K shares representing 2.74% ownership of the company. In its prior filing, the firm reported owning 7,006K shares , representing an increase of 18.31%. The firm decreased its portfolio allocation in SPGI by 81.78% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 8,215K shares representing 2.63% ownership of the company. In its prior filing, the firm reported owning 8,096K shares , representing an increase of 1.46%. The firm increased its portfolio allocation in SPGI by 0.70% over the last quarter.
Geode Capital Management holds 6,361K shares representing 2.03% ownership of the company. In its prior filing, the firm reported owning 6,277K shares , representing an increase of 1.31%. The firm decreased its portfolio allocation in SPGI by 47.37% over the last quarter.
S&P Global Background Information
(This description is provided by the company.)
S&P Global is the world's foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, offering ESG solutions, deep data and insights on critical business factors. The Company has been providing essential intelligence that unlocks opportunity, fosters growth and accelerates progress for more than 160 years. Its divisions include S&P Global Ratings, S&P Global Market Intelligence, S&P Dow Jones Indices and S&P Global Platts.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
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This story originally appeared on Fintel.
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