S&P Global Inc. $SPGI Shares Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 62.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,945 shares of the business services provider’s stock after acquiring an additional 1,518 shares during the quarter. Wedbush Securities Inc.’s holdings in S&P Global were worth $1,920,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of SPGI. Brighton Jones LLC grew its holdings in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after buying an additional 143 shares during the last quarter. Sivia Capital Partners LLC increased 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 in the last quarter. Boston Trust Walden Corp raised its stake in S&P Global by 8.3% in the 2nd quarter. Boston Trust Walden Corp now owns 3,415 shares of the business services provider’s stock valued at $1,801,000 after purchasing an additional 263 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its holdings in S&P Global by 21.1% in the 2nd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 528 shares of the business services provider’s stock valued at $278,000 after purchasing an additional 92 shares in the last quarter. Finally, Alta Capital Management LLC boosted its stake in shares of S&P Global by 3.4% during the 2nd quarter. Alta Capital Management LLC now owns 87,137 shares of the business services provider’s stock worth $45,947,000 after purchasing an additional 2,860 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. BMO Capital Markets cut their price objective on shares of S&P Global from $601.00 to $482.00 and set an “outperform” rating for the company in a research report on Wednesday. The Goldman Sachs Group set a $498.00 price target on S&P Global in a research note on Wednesday. Mizuho dropped their target price on S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a research note on Thursday. JPMorgan Chase & Co. reduced their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Finally, William Blair restated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating and eighteen have issued a Buy rating to the company’s stock. According to MarketBeat, S&P Global currently has an average rating of “Buy” and a consensus target price of $576.38.

S&P Global Trading Up 1.7%

Shares of SPGI opened at $397.28 on Friday. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The firm has a market capitalization of $120.30 billion, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 1.69 and a beta of 1.20. The company has a current ratio of 0.82, a quick ratio of 0.97 and a debt-to-equity ratio of 0.40. The stock’s fifty day simple moving average is $509.14 and its 200 day simple moving average is $512.24.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 10th. The business services provider reported $4.30 EPS 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 analyst estimates of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be issued a $0.97 dividend. The ex-dividend date is Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a yield of 1.0%. S&P Global’s payout ratio is 26.21%.

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.