Confluence Investment Management LLC Reduces Stock Position in S&P Global Inc. $SPGI

Confluence Investment Management LLC lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 3.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 140,159 shares of the business services provider’s stock after selling 4,718 shares during the quarter. Confluence Investment Management LLC’s holdings in S&P Global were worth $73,245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPGI. J.Safra Asset Management Corp bought a new position in shares of S&P Global in the third quarter worth about $29,000. Howard Hughes Medical Institute purchased a new position in S&P Global in the 2nd quarter worth about $36,000. First Pacific Financial lifted its holdings in S&P Global by 51.0% during the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after buying an additional 25 shares in the last quarter. Palisade Asset Management LLC bought a new stake in S&P Global during the 3rd quarter valued at about $36,000. Finally, Ameriflex Group Inc. boosted its position in S&P Global by 171.4% in the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after buying an additional 48 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of research reports. Barclays reaffirmed an “overweight” rating and set a $565.00 target price on shares of S&P Global in a research report on Monday, February 23rd. Weiss Ratings lowered S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. BMO Capital Markets increased their price objective on S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday. The Goldman Sachs Group set a $498.00 price objective on S&P Global in a report on Wednesday, February 11th. Finally, Evercore set a $625.00 target price on S&P Global and gave the company an “outperform” rating in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $563.53.

S&P Global Trading Down 0.2%

NYSE SPGI opened at $425.96 on Friday. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05. 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 company has a market capitalization of $127.28 billion, a price-to-earnings ratio of 29.08, a price-to-earnings-growth ratio of 1.89 and a beta of 1.23. The company’s 50-day simple moving average is $465.54 and its two-hundred day simple moving average is $490.72.

S&P Global (NYSE:SPGI) last announced its quarterly 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 business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.S&P Global’s revenue for the quarter was up 9.0% on a year-over-year basis. 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. Equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were given a dividend of $0.97 per share. 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. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s payout ratio is 26.48%.

About S&P Global

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.