Dynamic Advisor Solutions LLC raised its position in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 25.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,030 shares of the business services provider’s stock after buying an additional 3,270 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in S&P Global were worth $8,377,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Jones Financial Companies Lllp increased its position in S&P Global by 17.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 66,809 shares of the business services provider’s stock valued at $32,541,000 after buying an additional 10,044 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in S&P Global by 324.8% in the third quarter. Prime Capital Investment Advisors LLC now owns 28,094 shares of the business services provider’s stock worth $13,673,000 after acquiring an additional 21,481 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in S&P Global by 3.3% in the third quarter. Envestnet Asset Management Inc. now owns 938,251 shares of the business services provider’s stock worth $456,656,000 after acquiring an additional 30,080 shares in the last quarter. Collier Financial purchased a new stake in shares of S&P Global in the third quarter worth $2,865,000. Finally, Mawer Investment Management Ltd. grew its stake in shares of S&P Global by 27.3% in the third quarter. Mawer Investment Management Ltd. now owns 168,229 shares of the business services provider’s stock worth $81,879,000 after acquiring an additional 36,078 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on SPGI shares. BMO Capital Markets lifted their price target on S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Barclays reissued an “overweight” rating and set a $565.00 price objective on shares of S&P Global in a research report on Monday, February 23rd. Wells Fargo & Company reduced their price objective 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. Mizuho decreased their target price on shares of S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. Finally, Evercore set a $625.00 target price on shares of S&P Global and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. One research 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. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Buy” and a consensus price target of $563.53.
S&P Global Trading Down 0.4%
Shares of SPGI stock opened at $424.60 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The stock has a market capitalization of $126.87 billion, a P/E ratio of 28.98, a P/E/G ratio of 1.88 and a beta of 1.23. The firm’s 50 day moving average is $463.18 and its 200 day moving average is $489.17.
S&P Global (NYSE:SPGI – Get Free Report) last announced its 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). The company had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. S&P Global had a net margin of 29.16% and a return on equity of 16.56%. S&P Global’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.
S&P Global Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date was Wednesday, February 25th. S&P Global’s dividend payout ratio (DPR) is currently 26.48%.
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.
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