Ameriprise Financial Inc. Lowers Stock Holdings in S&P Global Inc. $SPGI

Ameriprise Financial Inc. reduced its position in S&P Global Inc. (NYSE:SPGI) by 9.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,448,542 shares of the business services provider’s stock after selling 148,333 shares during the quarter. Ameriprise Financial Inc. owned about 0.48% of S&P Global worth $697,562,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after purchasing an additional 143 shares during the last quarter. Sivia Capital Partners LLC grew its position in S&P Global by 7.8% in the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock worth $547,000 after acquiring an additional 75 shares in the last quarter. Advisors Capital Management LLC increased its stake in S&P Global by 4.4% in the second quarter. Advisors Capital Management LLC now owns 1,857 shares of the business services provider’s stock valued at $979,000 after acquiring an additional 78 shares during the last quarter. Foundations Investment Advisors LLC increased its position in shares of S&P Global by 3.5% during the 2nd quarter. Foundations Investment Advisors LLC now owns 2,783 shares of the business services provider’s stock valued at $1,467,000 after purchasing an additional 95 shares during the last quarter. Finally, Meridian Wealth Management LLC increased its position in shares of S&P Global by 2.0% during the 2nd quarter. Meridian Wealth Management LLC now owns 6,801 shares of the business services provider’s stock valued at $3,586,000 after purchasing an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of S&P Global stock opened at $422.42 on Monday. The business has a 50 day moving average of $474.31 and a 200 day moving average of $493.30. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $579.05. The company has a market cap of $126.22 billion, a PE ratio of 28.83, a P/E/G ratio of 1.87 and a beta of 1.23. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

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 (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the previous year, the firm posted $3.77 earnings per share. The firm’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, equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were paid a $0.97 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This is an increase from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s payout ratio is currently 26.48%.

Analysts Set New Price Targets

A number of research firms recently weighed in on SPGI. BMO Capital Markets dropped their target price on S&P Global from $601.00 to $482.00 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. Morgan Stanley increased their target price on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. The Goldman Sachs Group set a $498.00 target price on shares of S&P Global in a research report on Wednesday, February 11th. Barclays reaffirmed an “overweight” rating and set a $565.00 price objective on shares of S&P Global in a research note on Monday, February 23rd. Finally, Wells Fargo & Company lowered their target price on S&P Global from $675.00 to $530.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, S&P Global has a consensus rating of “Buy” and a consensus price target of $562.67.

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.