Fiera Capital Corp Purchases 23,872 Shares of S&P Global Inc. $SPGI

Fiera Capital Corp lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 745,746 shares of the business services provider’s stock after acquiring an additional 23,872 shares during the quarter. S&P Global makes up about 1.2% of Fiera Capital Corp’s investment portfolio, making the stock its 27th largest position. Fiera Capital Corp owned approximately 0.25% of S&P Global worth $362,962,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in S&P Global by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 30,256,638 shares of the business services provider’s stock valued at $14,726,208,000 after purchasing an additional 161,719 shares during the period. TCI Fund Management Ltd. grew its position in shares of S&P Global by 7.0% during the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after buying an additional 730,354 shares during the period. Geode Capital Management LLC raised its stake in shares of S&P Global by 0.6% during the second quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock worth $3,565,889,000 after buying an additional 42,724 shares during the last quarter. Norges Bank acquired a new position in S&P Global in the second quarter valued at approximately $2,188,945,000. Finally, Legal & General Group Plc lifted its holdings in S&P Global by 1.3% in the second quarter. Legal & General Group Plc now owns 2,135,004 shares of the business services provider’s stock valued at $1,125,766,000 after buying an additional 26,945 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Morgan Stanley lifted their target price on shares of S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. UBS Group reduced their price target on S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a research report on Tuesday. Bank of America initiated coverage on S&P Global in a report on Tuesday. They issued a “buy” rating and a $575.00 price objective for the company. Wells Fargo & Company reduced their target price on S&P Global from $675.00 to $530.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. Finally, Mizuho decreased their target price on S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $566.33.

S&P Global Stock Down 0.7%

Shares of S&P Global stock opened at $416.53 on Friday. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The business has a 50-day moving average of $501.09 and a two-hundred day moving average of $507.93. The company has a market capitalization of $124.46 billion, a P/E ratio of 28.43, a price-to-earnings-growth ratio of 1.86 and a beta of 1.20. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82.

S&P Global (NYSE:SPGI) last released its quarterly earnings data 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). S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter last year, the firm earned $3.77 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

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

S&P Global Profile

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.