Alliancebernstein L.P. Grows Stock Position in S&P Global Inc. $SPGI

Alliancebernstein L.P. boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 1.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,097,037 shares of the business services provider’s stock after acquiring an additional 15,882 shares during the period. Alliancebernstein L.P. owned 0.36% of S&P Global worth $533,939,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of S&P Global in the second quarter valued at about $2,188,945,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of S&P Global by 3,430.6% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock worth $819,699,000 after purchasing an additional 1,510,540 shares in the last quarter. TCI Fund Management Ltd. increased its stake in shares of S&P Global by 7.0% during 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 purchasing an additional 730,354 shares in the last quarter. Mizuho Markets Americas LLC raised its position in shares of S&P Global by 104,031.3% during the 3rd quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock worth $289,900,000 after purchasing an additional 595,059 shares during the last quarter. Finally, ABN AMRO Bank N.V. acquired a new position in shares of S&P Global during the 2nd quarter worth approximately $310,348,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 0.6%

SPGI stock opened at $422.42 on Friday. The stock has a market capitalization of $126.22 billion, a P/E ratio of 28.83, a PEG ratio of 1.87 and a beta of 1.23. 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 Inc. has a one year low of $381.61 and a one year high of $579.05. The company has a 50 day moving average price of $474.31 and a two-hundred day moving average price of $493.69.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.02). S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The business had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the prior year, the company earned $3.77 EPS. The company’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, sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were paid a $0.97 dividend. The ex-dividend date 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 yield of 0.9%. S&P Global’s payout ratio is currently 26.48%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of analyst reports. Barclays reiterated an “overweight” rating and set a $565.00 target price on shares of S&P Global in a report on Monday, February 23rd. Bank of America initiated coverage on S&P Global in a report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 price target for the company. Evercore set a $625.00 price objective on S&P Global and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Royal Bank Of Canada decreased their price objective 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. Finally, Robert W. Baird set a $546.00 price objective on S&P Global in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, S&P Global has a consensus rating of “Buy” and a consensus price target of $562.67.

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.