Brown Brothers Harriman & Co. Sells 11,483 Shares of S&P Global Inc. $SPGI

Brown Brothers Harriman & Co. lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 530,796 shares of the business services provider’s stock after selling 11,483 shares during the quarter. S&P Global makes up approximately 1.6% of Brown Brothers Harriman & Co.’s portfolio, making the stock its 16th biggest position. Brown Brothers Harriman & Co. owned 0.18% of S&P Global worth $258,344,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SPGI. Vanguard Group Inc. boosted its position in S&P Global by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 30,256,638 shares of the business services provider’s stock valued at $14,726,208,000 after buying an additional 161,719 shares during the period. TCI Fund Management Ltd. grew its holdings in S&P Global by 7.0% in the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after acquiring an additional 730,354 shares during the last quarter. Norges Bank purchased a new position in shares of S&P Global in the second quarter valued at about $2,188,945,000. Legal & General Group Plc raised its stake in shares of S&P Global by 3.2% during the third quarter. Legal & General Group Plc now owns 2,202,872 shares of the business services provider’s stock valued at $1,072,160,000 after acquiring an additional 67,868 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of S&P Global by 1.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,108,694 shares of the business services provider’s stock valued at $1,111,893,000 after acquiring an additional 35,630 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Up 0.6%

SPGI stock opened at $422.42 on Friday. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The company has a market capitalization of $126.22 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 1.86 and a beta of 1.23. The business’s 50 day moving average price is $474.31 and its two-hundred day moving average price is $494.10. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82.

S&P Global (NYSE:SPGI) last released 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 firm had revenue of $3.92 billion for 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, 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 paid a dividend of $0.97 per share. The ex-dividend date was Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is presently 26.48%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Bank of America assumed coverage on shares of S&P Global in a report on Tuesday, February 17th. They set a “buy” rating and a $575.00 target price for the company. Wells Fargo & Company reduced 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. Morgan Stanley lifted their price objective 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. Evercore set a $625.00 target price on S&P Global and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Finally, Weiss Ratings lowered S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target 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.