Russell Investments Group Ltd. Sells 100,932 Shares of S&P Global Inc. $SPGI

Russell Investments Group Ltd. reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 20.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 392,844 shares of the business services provider’s stock after selling 100,932 shares during the quarter. Russell Investments Group Ltd.’s holdings in S&P Global were worth $191,374,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC boosted its stake 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 purchasing an additional 143 shares during the last quarter. Sivia Capital Partners LLC increased its holdings 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. Golden State Wealth Management LLC raised its stake in shares of S&P Global by 75.3% in the second quarter. Golden State Wealth Management LLC now owns 170 shares of the business services provider’s stock worth $90,000 after purchasing an additional 73 shares during the last quarter. Savant Capital LLC lifted its holdings in shares of S&P Global by 5.2% in the second quarter. Savant Capital LLC now owns 6,272 shares of the business services provider’s stock valued at $3,307,000 after purchasing an additional 308 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its holdings in shares of S&P Global by 12.9% in the second quarter. Wedbush Securities Inc. now owns 2,427 shares of the business services provider’s stock valued at $1,280,000 after purchasing an additional 277 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Up 0.3%

Shares of S&P Global stock opened at $452.52 on Monday. The firm has a market cap of $135.21 billion, a PE ratio of 30.89, a P/E/G ratio of 2.00 and a beta of 1.23. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a fifty day moving average price of $483.57 and a 200-day moving average price of $497.59.

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 for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.02). The company had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.S&P Global’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be paid 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 dividend on an annualized basis and a yield of 0.9%. S&P Global’s dividend payout ratio is presently 26.48%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SPGI. Robert W. Baird set a $546.00 target price on S&P Global in a research report on Wednesday, February 11th. Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. Stifel Nicolaus cut their price objective on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Royal Bank Of Canada reduced their target price 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. Finally, Wells Fargo & Company lowered their target price on shares of S&P Global from $675.00 to $530.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $562.67.

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.