S&P Global Inc. $SPGI Shares Sold by Aberdeen Group plc

Aberdeen Group plc lessened its stake in S&P Global Inc. (NYSE:SPGIFree Report) by 5.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 379,695 shares of the business services provider’s stock after selling 22,360 shares during the quarter. Aberdeen Group plc owned about 0.13% of S&P Global worth $184,752,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SPGI. Jones Financial Companies Lllp increased its position in shares of S&P Global by 17.7% in the third quarter. Jones Financial Companies Lllp now owns 66,809 shares of the business services provider’s stock worth $32,541,000 after acquiring an additional 10,044 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in S&P Global by 4.1% during the 2nd quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock valued at $11,314,000 after purchasing an additional 850 shares during the period. Prime Capital Investment Advisors LLC boosted its position in shares of S&P Global by 324.8% in the third quarter. Prime Capital Investment Advisors LLC now owns 28,094 shares of the business services provider’s stock worth $13,673,000 after buying an additional 21,481 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of S&P Global by 3.3% in the third quarter. Envestnet Asset Management Inc. now owns 938,251 shares of the business services provider’s stock worth $456,656,000 after buying an additional 30,080 shares during the period. Finally, Collier Financial purchased a new stake in S&P Global in the 3rd quarter worth about $2,865,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

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S&P Global Stock Up 3.2%

SPGI opened at $410.04 on Friday. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The business has a 50 day moving average price of $507.38 and a 200 day moving average price of $511.27. The firm has a market cap of $122.52 billion, a P/E ratio of 27.99, a price-to-earnings-growth ratio of 1.77 and a beta of 1.20. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.97 and a current ratio of 0.82.

S&P Global (NYSE:SPGIGet Free Report) last posted its earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share for the quarter, missing the consensus estimate of $4.32 by ($0.02). The firm had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.77 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be given a dividend of $0.97 per share. The ex-dividend date is Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. This is an increase from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio is presently 26.21%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SPGI shares. Robert W. Baird set a $546.00 target price on shares of S&P Global in a research report on Wednesday. Royal Bank Of Canada dropped their price objective on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a research note on Wednesday. BMO Capital Markets reduced their target price on shares of S&P Global from $601.00 to $482.00 and set an “outperform” rating on the stock in a research note on Wednesday. Mizuho reduced their price objective on S&P Global from $657.00 to $551.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating and eighteen have issued a Buy rating to the stock. According to data from MarketBeat.com, S&P Global currently has an average rating of “Buy” and an average price target of $576.38.

View Our Latest Report on S&P Global

S&P Global Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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