American Money Management LLC Has $6.02 Million Stock Holdings in S&P Global Inc. $SPGI

American Money Management LLC grew its stake in S&P Global Inc. (NYSE:SPGI) by 17.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,376 shares of the business services provider’s stock after purchasing an additional 1,796 shares during the quarter. American Money Management LLC’s holdings in S&P Global were worth $6,024,000 at the end of the most recent reporting period.

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

S&P Global Trading Up 0.1%

Shares of S&P Global stock opened at $417.28 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a 50-day moving average of $499.41 and a 200-day moving average of $506.14. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The stock has a market cap of $124.68 billion, a PE ratio of 28.48, a PEG ratio of 1.85 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued 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 return on equity of 16.56% and a net margin of 29.16%.The business had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same quarter last year, the firm earned $3.77 EPS. S&P Global’s revenue for the quarter was up 9.0% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, sell-side analysts forecast 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. Shareholders of record on Wednesday, February 25th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $3.88 annualized dividend and a yield of 0.9%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s payout ratio is presently 26.21%.

Analyst Ratings Changes

A number of equities analysts recently commented on SPGI shares. Bank of America started coverage on S&P Global in a report on Tuesday, February 17th. They set a “buy” rating and a $575.00 price target for the company. Evercore set a $625.00 price objective on S&P Global and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Mizuho decreased their target price on S&P Global from $657.00 to $551.00 and set an “outperform” rating on the stock in a report on Thursday, February 12th. The Goldman Sachs Group set a $498.00 price target on S&P Global in a report on Wednesday, February 11th. Finally, Wells Fargo & Company reduced their price objective on shares of S&P Global from $675.00 to $530.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the stock. Based on data from MarketBeat, S&P Global has a consensus rating of “Buy” and a consensus target price of $566.33.

S&P Global Company 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.