Assenagon Asset Management S.A. Decreases Holdings in S&P Global Inc. $SPGI

Assenagon Asset Management S.A. trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 27.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 395,578 shares of the business services provider’s stock after selling 146,176 shares during the quarter. Assenagon Asset Management S.A. owned 0.13% of S&P Global worth $206,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its position in S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after acquiring an additional 143 shares during the last quarter. Sivia Capital Partners LLC boosted its position in S&P Global by 7.8% in the second 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. Coldstream Capital Management Inc. grew its stake in shares of S&P Global by 12.8% during the 2nd quarter. Coldstream Capital Management Inc. now owns 10,378 shares of the business services provider’s stock valued at $5,472,000 after purchasing an additional 1,175 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of S&P Global during the 2nd quarter valued at about $1,282,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of S&P Global during the 2nd quarter valued at about $633,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Evercore set a $625.00 price objective on shares of S&P Global and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Barclays reaffirmed an “overweight” rating and set a $565.00 target price on shares of S&P Global in a report on Monday, February 23rd. UBS Group decreased their price target on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Weiss Ratings cut shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 11th. Finally, Morgan Stanley upped their price objective on S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $563.53.

S&P Global Trading Up 1.0%

S&P Global stock opened at $428.53 on Tuesday. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The firm has a market capitalization of $128.05 billion, a price-to-earnings ratio of 29.25, a P/E/G ratio of 1.88 and a beta of 1.23. The firm has a 50 day moving average of $460.86 and a 200 day moving average of $488.38. 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 (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 the consensus estimate of $4.32 by ($0.02). The firm 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 revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.77 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, research analysts predict 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 announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were issued a $0.97 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $3.88 annualized dividend and a yield of 0.9%. This is an increase from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s payout ratio 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.