Chevy Chase Trust Holdings LLC Sells 6,340 Shares of S&P Global Inc. $SPGI

Chevy Chase Trust Holdings LLC reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,290 shares of the business services provider’s stock after selling 6,340 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of S&P Global worth $78,015,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SPGI. MTM Investment Management LLC bought a new stake in S&P Global during the 2nd quarter worth approximately $27,000. J.Safra Asset Management Corp bought a new position in shares of S&P Global in the third quarter worth approximately $29,000. Howard Hughes Medical Institute bought a new position in shares of S&P Global in the second quarter worth approximately $36,000. First Pacific Financial increased its stake in shares of S&P Global by 51.0% in the third quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock worth $36,000 after purchasing an additional 25 shares in the last quarter. Finally, Ameriflex Group Inc. increased its stake in shares of S&P Global by 171.4% in the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock worth $37,000 after purchasing an additional 48 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

SPGI stock opened at $422.42 on Friday. 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 company’s fifty day moving average price is $474.31 and its 200-day moving average price is $493.69. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05. The company has a market capitalization of $126.22 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share for the quarter, missing the consensus estimate of $4.32 by ($0.02). The company had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS 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 given a dividend of $0.97 per share. The ex-dividend date was 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 dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is 26.48%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Morgan Stanley lifted their target price on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Robert W. Baird set a $546.00 price target on S&P Global in a report on Wednesday, February 11th. UBS Group lowered their price objective on S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Evercore set a $625.00 price objective on S&P Global and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Finally, Weiss Ratings cut S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $562.67.

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.