Alecta Tjanstepension Omsesidigt Sells 67,000 Shares of S&P Global Inc. $SPGI

Alecta Tjanstepension Omsesidigt cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 11.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 508,000 shares of the business services provider’s stock after selling 67,000 shares during the quarter. Alecta Tjanstepension Omsesidigt owned approximately 0.17% of S&P Global worth $247,137,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its stake in 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 in the last quarter. Sivia Capital Partners LLC raised its position in S&P Global by 7.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock valued at $547,000 after purchasing an additional 75 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of S&P Global by 110.1% in the 2nd quarter. SG Americas Securities LLC now owns 4,887 shares of the business services provider’s stock worth $2,577,000 after buying an additional 53,479 shares during the period. Empowered Funds LLC lifted its holdings in shares of S&P Global by 68.3% in the 2nd quarter. Empowered Funds LLC now owns 19,899 shares of the business services provider’s stock worth $10,493,000 after buying an additional 8,075 shares during the period. Finally, Portside Wealth Group LLC grew its position in shares of S&P Global by 14.3% during the 2nd quarter. Portside Wealth Group LLC now owns 1,064 shares of the business services provider’s stock worth $561,000 after buying an additional 133 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the topic of several research reports. Stifel Nicolaus cut their price target on S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. UBS Group dropped their target price on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Evercore set a $625.00 target price on shares of S&P Global and gave the company an “outperform” rating in a research report on Wednesday, February 11th. The Goldman Sachs Group set a $498.00 price target on shares of S&P Global in a report on Wednesday, February 11th. Finally, Robert W. Baird set a $546.00 price objective on shares of S&P Global in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, S&P Global has a consensus rating of “Buy” and a consensus price target of $563.53.

S&P Global Stock Performance

SPGI opened at $426.27 on Thursday. The company has a market cap of $127.37 billion, a P/E ratio of 29.10, a price-to-earnings-growth ratio of 1.92 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. The firm’s 50-day moving average price is $467.84 and its 200-day moving average price is $491.18. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05.

S&P Global (NYSE:SPGI) last released 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). S&P Global had a return on equity of 16.56% and a net margin of 29.16%.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 prior year, the firm posted $3.77 EPS. The firm’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 anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

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

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.