Invesco Ltd. Trims Holdings in S&P Global Inc. $SPGI

Invesco Ltd. trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,387,080 shares of the business services provider’s stock after selling 67,532 shares during the quarter. Invesco Ltd.’s holdings in S&P Global were worth $1,161,816,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. 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 in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of S&P Global by 7.8% in the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock worth $547,000 after buying an additional 75 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of S&P Global by 37.7% in the second quarter. Acadian Asset Management LLC now owns 18,253 shares of the business services provider’s stock worth $9,622,000 after buying an additional 4,995 shares in the last quarter. Allworth Financial LP boosted its position in shares of S&P Global by 21.0% in the second quarter. Allworth Financial LP now owns 2,472 shares of the business services provider’s stock valued at $1,303,000 after acquiring an additional 429 shares during the period. Finally, M&G PLC boosted its position in shares of S&P Global by 34.4% in the second quarter. M&G PLC now owns 4,688 shares of the business services provider’s stock valued at $2,471,000 after acquiring an additional 1,201 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Royal Bank Of Canada decreased their target price on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. Weiss Ratings downgraded shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Mizuho reduced their price target on shares of S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. Evercore set a $625.00 price target on shares of S&P Global and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Finally, Stifel Nicolaus lowered their price objective on S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $562.67.

S&P Global Stock Performance

S&P Global stock opened at $419.70 on Friday. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $125.41 billion, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23. The firm’s fifty day moving average price is $476.12 and its 200-day moving average price is $494.99.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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%.The firm’s revenue was up 9.0% on a year-over-year basis. During the same quarter 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. On average, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, February 25th. This is an increase from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio (DPR) is currently 26.48%.

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.