Avanza Fonder AB Raises Stock Position in S&P Global Inc. $SPGI

Avanza Fonder AB grew its holdings in S&P Global Inc. (NYSE:SPGI) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,263 shares of the business services provider’s stock after purchasing an additional 1,397 shares during the quarter. Avanza Fonder AB’s holdings in S&P Global were worth $12,157,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. J.Safra Asset Management Corp purchased a new stake in S&P Global during the 3rd quarter worth approximately $29,000. Howard Hughes Medical Institute purchased a new position in S&P Global in the 2nd quarter valued at approximately $36,000. First Pacific Financial boosted its position in S&P Global by 51.0% in 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 during the period. Palisade Asset Management LLC acquired a new position in shares of S&P Global in the third quarter worth $36,000. Finally, Ameriflex Group Inc. grew its stake in shares of S&P Global by 171.4% in the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock worth $37,000 after acquiring an additional 48 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the topic of several analyst reports. UBS Group reduced their price objective on S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Royal Bank Of Canada lowered their target price on S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. Wells Fargo & Company cut their price target 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. Bank of America assumed coverage on S&P Global in a research report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 price target on the stock. Finally, BMO Capital Markets lifted their price objective on S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $563.53.

S&P Global Stock Up 1.0%

SPGI opened at $428.53 on Tuesday. 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 stock has a market capitalization of $128.05 billion, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 1.88 and a beta of 1.23. The business’s 50-day simple moving average is $460.86 and its 200-day simple moving average is $488.38.

S&P Global (NYSE:SPGI) last announced its earnings results 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). The firm had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were issued 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 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio is currently 26.48%.

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.