Cooke Wealth Management LLC Buys New Position in S&P Global Inc. $SPGI

Cooke Wealth Management LLC bought a new stake in S&P Global Inc. (NYSE:SPGI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,000 shares of the business services provider’s stock, valued at approximately $1,090,000. S&P Global comprises about 1.0% of Cooke Wealth Management LLC’s holdings, making the stock its 22nd biggest position.

A number of other large investors also recently modified their holdings of SPGI. Brighton Jones LLC boosted its holdings in S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after purchasing an additional 143 shares during the period. Sivia Capital Partners LLC raised its position in shares of S&P Global by 7.8% during the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock valued at $547,000 after buying an additional 75 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of S&P Global by 5.5% during the second quarter. Neuberger Berman Group LLC now owns 1,694,790 shares of the business services provider’s stock valued at $893,511,000 after buying an additional 88,526 shares during the last quarter. Edgestream Partners L.P. lifted its stake in shares of S&P Global by 34.1% in the second quarter. Edgestream Partners L.P. now owns 2,060 shares of the business services provider’s stock valued at $1,086,000 after buying an additional 524 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of S&P Global by 8.6% in the second quarter. First Trust Advisors LP now owns 50,239 shares of the business services provider’s stock valued at $26,490,000 after buying an additional 3,983 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Down 0.0%

NYSE SPGI opened at $431.09 on Monday. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05. The company has a market capitalization of $130.82 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 1.91 and a beta of 1.20. The stock’s 50 day moving average is $439.26 and its two-hundred day moving average is $480.44. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40.

S&P Global (NYSE:SPGI) last issued 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 company had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.77 earnings per share. 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 earnings per share 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. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.97 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This is a boost from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is 26.48%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SPGI shares. Royal Bank Of Canada lowered their price target on S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. BMO Capital Markets lifted their price objective on S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Mizuho cut their target price on S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. Morgan Stanley raised their target price on S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Finally, Evercore set a $625.00 price target on shares of S&P Global and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. One 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. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $563.53.

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.