Bowen Hanes & Co. Inc. Cuts Stake in S&P Global Inc. $SPGI

Bowen Hanes & Co. Inc. lessened its position in S&P Global Inc. (NYSE:SPGI) by 1.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 154,032 shares of the business services provider’s stock after selling 2,565 shares during the period. S&P Global makes up 1.9% of Bowen Hanes & Co. Inc.’s investment portfolio, making the stock its 18th largest holding. Bowen Hanes & Co. Inc. owned 0.05% of S&P Global worth $74,969,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. MTM Investment Management LLC purchased a new stake in S&P Global in the 2nd quarter valued at approximately $27,000. J.Safra Asset Management Corp acquired a new stake in shares of S&P Global in the 3rd quarter valued at approximately $29,000. Spurstone Advisory Services LLC purchased a new stake in shares of S&P Global in the second quarter valued at approximately $34,000. Howard Hughes Medical Institute acquired a new position in S&P Global during the second quarter worth $36,000. Finally, First Pacific Financial raised its position in S&P Global by 51.0% in the third quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock worth $36,000 after acquiring an additional 25 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

NYSE:SPGI opened at $417.28 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $124.68 billion, a P/E ratio of 28.48, a price-to-earnings-growth ratio of 1.85 and a beta of 1.20. The firm has a 50-day moving average price of $499.41 and a two-hundred day moving average price of $506.53. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 10th. The business services provider reported $4.30 EPS for the quarter, missing the consensus estimate 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 business had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the company earned $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, research analysts expect 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 declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Wednesday, February 25th. S&P Global’s payout ratio is presently 26.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SPGI shares. JPMorgan Chase & Co. decreased their target price on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Evercore set a $625.00 price objective on shares of S&P Global and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Robert W. Baird set a $546.00 target price on shares of S&P Global in a research report on Wednesday, February 11th. Bank of America began coverage on shares of S&P Global in a research report on Tuesday, February 17th. They set a “buy” rating and a $575.00 price target for the company. Finally, The Goldman Sachs Group set a $498.00 price target on S&P Global in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $566.33.

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.