CenterBook Partners LP Buys Shares of 17,659 S&P Global Inc. $SPGI

CenterBook Partners LP purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,659 shares of the business services provider’s stock, valued at approximately $8,595,000.

Several other institutional investors have also recently made changes to their positions in SPGI. Norges Bank bought a new position in S&P Global during the 2nd quarter worth about $2,188,945,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of S&P Global by 3,430.6% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock worth $819,699,000 after purchasing an additional 1,510,540 shares during the period. TCI Fund Management Ltd. lifted its position in shares of S&P Global by 7.0% in the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after purchasing an additional 730,354 shares during the period. Mizuho Markets Americas LLC boosted its stake in shares of S&P Global by 104,031.3% during the third quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock valued at $289,900,000 after purchasing an additional 595,059 shares in the last quarter. Finally, ABN AMRO Bank N.V. purchased a new position in S&P Global during the second quarter valued at approximately $310,348,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.1%

SPGI stock opened at $410.06 on Wednesday. The stock has a market capitalization of $122.53 billion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. 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 has a 50 day moving average of $504.13 and a 200 day moving average of $509.20.

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 (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 company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the previous year, the company posted $3.77 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. 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 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis 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 presently 26.48%.

Analyst Ratings Changes

SPGI has been the subject of a number of analyst reports. BMO Capital Markets lowered their target price on S&P Global from $601.00 to $482.00 and set an “outperform” rating for the company in a report on Wednesday, February 11th. Stifel Nicolaus decreased their price objective on S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. The Goldman Sachs Group set a $498.00 target price on shares of S&P Global in a report on Wednesday, February 11th. Mizuho lowered their price target on shares of S&P Global from $657.00 to $551.00 and set an “outperform” rating on the stock in a report on Thursday, February 12th. Finally, Royal Bank Of Canada reduced their price objective on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $566.33.

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.