North Star Asset Management Inc. Acquires Shares of 7,728 S&P Global Inc. $SPGI

North Star Asset Management Inc. bought a new position in shares of S&P Global Inc. (NYSE:SPGI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,728 shares of the business services provider’s stock, valued at approximately $3,761,000.

Other hedge funds have also modified their holdings of the company. MTM Investment Management LLC acquired a new position in shares of S&P Global during the 2nd quarter worth $27,000. J.Safra Asset Management Corp acquired a new stake in shares of S&P Global in the third quarter valued at about $29,000. Spurstone Advisory Services LLC purchased a new stake in S&P Global during the second quarter worth about $34,000. Howard Hughes Medical Institute purchased a new stake in S&P Global during the second quarter worth about $36,000. Finally, First Pacific Financial grew its position in S&P Global by 51.0% during the third quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock worth $36,000 after buying an additional 25 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SPGI shares. Evercore set a $625.00 price target on shares of S&P Global and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Robert W. Baird set a $546.00 price objective on S&P Global in a research note on Wednesday, February 11th. Barclays reaffirmed an “overweight” rating and set a $565.00 price objective on shares of S&P Global in a report on Monday. Bank of America began coverage on S&P Global in a report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 target price on the stock. Finally, UBS Group dropped 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. One investment analyst has rated the stock with a Strong Buy rating and seventeen have issued a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $562.67.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $418.68 on Wednesday. The business’s fifty day moving average price is $495.90 and its two-hundred day moving average price is $504.08. The stock has a market cap of $125.10 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 1.79 and a beta of 1.20. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share 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 company had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the firm earned $3.77 earnings per share. The business’s revenue 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. On average, analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be issued a $0.97 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date is Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s payout ratio is currently 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.