Artisan Partners Limited Partnership Has $389.58 Million Position in S&P Global Inc. $SPGI

Artisan Partners Limited Partnership boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 32.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 800,443 shares of the business services provider’s stock after purchasing an additional 194,348 shares during the quarter. Artisan Partners Limited Partnership owned about 0.26% of S&P Global worth $389,584,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. MTM Investment Management LLC acquired a new position in S&P Global in the 2nd quarter valued at $27,000. J.Safra Asset Management Corp bought a new stake in S&P Global during the third quarter valued at about $29,000. Spurstone Advisory Services LLC acquired a new stake in shares of S&P Global in the second quarter valued at about $34,000. Howard Hughes Medical Institute bought a new position in shares of S&P Global in the second quarter worth about $36,000. Finally, First Pacific Financial lifted its position in shares of S&P Global by 51.0% during the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock worth $36,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 3.3%

Shares of SPGI opened at $437.54 on Friday. 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 company has a 50-day moving average price of $492.80 and a two-hundred day moving average price of $503.06. The stock has a market cap of $130.74 billion, a price-to-earnings ratio of 29.87, a P/E/G ratio of 1.88 and a beta of 1.20. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings data 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 company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior 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 predict 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 will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be paid a dividend of $0.97 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, February 25th. S&P Global’s dividend payout ratio is currently 26.48%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Bank of America began coverage on S&P Global in a report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 target price on the stock. UBS Group lowered their price objective on shares of 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. Wells Fargo & Company cut their target price on shares of S&P Global from $675.00 to $530.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. JPMorgan Chase & Co. decreased their price target 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. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $562.67.

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.