Flagship Harbor Advisors LLC Sells 1,260 Shares of S&P Global Inc. $SPGI

Flagship Harbor Advisors LLC trimmed its holdings in S&P Global Inc. (NYSE:SPGI) by 32.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,682 shares of the business services provider’s stock after selling 1,260 shares during the period. Flagship Harbor Advisors LLC’s holdings in S&P Global were worth $1,402,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in SPGI. Rathbones Group PLC grew its holdings in S&P Global by 2.1% during the 4th quarter. Rathbones Group PLC now owns 638,030 shares of the business services provider’s stock valued at $333,428,000 after buying an additional 13,311 shares in the last quarter. Quilter Plc lifted its holdings in shares of S&P Global by 5.7% in the fourth quarter. Quilter Plc now owns 164,867 shares of the business services provider’s stock worth $86,158,000 after buying an additional 8,839 shares in the last quarter. Cooke Wealth Management LLC purchased a new position in shares of S&P Global in the fourth quarter worth $1,090,000. Blue Zone Wealth Advisors LLC boosted its position in shares of S&P Global by 1.7% during the fourth quarter. Blue Zone Wealth Advisors LLC now owns 13,145 shares of the business services provider’s stock worth $6,869,000 after acquiring an additional 214 shares during the last quarter. Finally, Cidel Asset Management Inc. boosted its position in shares of S&P Global by 6.5% during the fourth quarter. Cidel Asset Management Inc. now owns 803 shares of the business services provider’s stock worth $420,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of research reports. Weiss Ratings downgraded shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. Robert W. Baird set a $546.00 price objective on shares of S&P Global in a report on Wednesday, February 11th. Barclays restated an “overweight” rating and set a $565.00 price objective on shares of S&P Global in a research report on Monday, February 23rd. Royal Bank Of Canada decreased 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. Finally, Evercore set a $625.00 price target on S&P Global and gave the company 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 issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, S&P Global presently has a consensus rating of “Buy” and a consensus target price of $558.80.

S&P Global Price Performance

S&P Global stock opened at $429.01 on Wednesday. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm’s fifty day moving average is $435.29 and its 200 day moving average is $479.37. The company has a market cap of $130.19 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 1.91 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 EPS 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 during the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the previous year, the business earned $3.77 earnings per share. The business’s quarterly revenue 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. Sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders 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.