S&P Global Inc. $SPGI Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 18.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,787 shares of the business services provider’s stock after selling 3,080 shares during the quarter. DAVENPORT & Co LLC’s holdings in S&P Global were worth $7,205,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. Jones Financial Companies Lllp boosted its position in shares of S&P Global by 17.7% in the third quarter. Jones Financial Companies Lllp now owns 66,809 shares of the business services provider’s stock worth $32,541,000 after acquiring an additional 10,044 shares during the last quarter. Prime Capital Investment Advisors LLC increased its position in S&P Global by 324.8% during 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 purchasing an additional 21,481 shares during the last quarter. Envestnet Asset Management Inc. increased its position in S&P Global by 3.3% during the third quarter. Envestnet Asset Management Inc. now owns 938,251 shares of the business services provider’s stock worth $456,656,000 after purchasing an additional 30,080 shares during the last quarter. Collier Financial purchased a new position in S&P Global during the third quarter worth approximately $2,865,000. Finally, Mawer Investment Management Ltd. raised its stake in S&P Global by 27.3% during the third quarter. Mawer Investment Management Ltd. now owns 168,229 shares of the business services provider’s stock worth $81,879,000 after purchasing an additional 36,078 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Up 0.8%

NYSE SPGI opened at $411.83 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The business has a 50 day moving average price of $452.82 and a two-hundred day moving average price of $486.41. The stock has a market cap of $123.05 billion, a PE ratio of 28.11, a P/E/G ratio of 1.81 and a beta of 1.23.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data 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 firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the prior year, the business earned $3.77 EPS. 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, sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were paid a dividend of $0.97 per share. This is a positive change 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 yield of 0.9%. S&P Global’s payout ratio is presently 26.48%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SPGI. Morgan Stanley boosted their price objective on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Royal Bank Of Canada cut their target price on S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 11th. Stifel Nicolaus reduced their target price on S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. UBS Group lowered their price target on S&P Global from $620.00 to $550.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Finally, Barclays restated an “overweight” rating and set a $565.00 price target on shares of S&P Global in a research note on Monday, February 23rd. 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. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $563.53.

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.