S&P Global Inc. $SPGI Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 19.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,698 shares of the business services provider’s stock after selling 2,984 shares during the quarter. Park Avenue Securities LLC’s holdings in S&P Global were worth $6,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its position in shares of 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 last quarter. Sivia Capital Partners LLC grew its position in S&P Global by 7.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock worth $547,000 after purchasing an additional 75 shares during the last quarter. Wealthspire Advisors LLC grew its position in S&P Global by 51.2% during the 2nd quarter. Wealthspire Advisors LLC now owns 1,040 shares of the business services provider’s stock worth $548,000 after purchasing an additional 352 shares during the last quarter. Personal CFO Solutions LLC increased its stake in S&P Global by 9.6% during the 2nd quarter. Personal CFO Solutions LLC now owns 717 shares of the business services provider’s stock valued at $378,000 after purchasing an additional 63 shares in the last quarter. Finally, MAI Capital Management raised its holdings in shares of S&P Global by 6.6% in the second quarter. MAI Capital Management now owns 12,518 shares of the business services provider’s stock worth $6,601,000 after buying an additional 773 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on SPGI. Morgan Stanley lifted their price objective on shares of S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Robert W. Baird set a $546.00 target price on S&P Global in a research report on Wednesday, February 11th. Bank of America assumed coverage on S&P Global in a research note on Tuesday, February 17th. They issued a “buy” rating and a $575.00 target price for the company. UBS Group dropped their price target on 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. Finally, Evercore set a $625.00 price objective on S&P Global and gave the company an “outperform” rating in a report on Wednesday, February 11th. One investment 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’s stock. According to MarketBeat, S&P Global has a consensus rating of “Buy” and an average target price of $563.53.

S&P Global Stock Down 0.4%

NYSE:SPGI opened at $424.60 on Friday. The firm has a market capitalization of $126.87 billion, a P/E ratio of 28.98, a PEG ratio of 1.88 and a beta of 1.23. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05. The company’s fifty day moving average price is $463.18 and its 200-day moving average price is $489.51. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82.

S&P Global (NYSE:SPGI) last posted 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). 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 for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the firm earned $3.77 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were issued a $0.97 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s payout ratio is presently 26.48%.

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.