S&P Global Inc. $SPGI Shares Sold by Provident Investment Management Inc.

Provident Investment Management Inc. lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 12.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,582 shares of the business services provider’s stock after selling 1,325 shares during the period. S&P Global comprises about 0.4% of Provident Investment Management Inc.’s investment portfolio, making the stock its 25th biggest holding. Provident Investment Management Inc.’s holdings in S&P Global were worth $4,664,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in S&P Global by 17.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 66,809 shares of the business services provider’s stock valued at $32,541,000 after purchasing an additional 10,044 shares during the period. Avantax Advisory Services Inc. increased its position in S&P Global by 4.1% in the second quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock worth $11,314,000 after buying an additional 850 shares during the period. Prime Capital Investment Advisors LLC increased its position in S&P Global by 324.8% in the third quarter. Prime Capital Investment Advisors LLC now owns 28,094 shares of the business services provider’s stock worth $13,673,000 after buying an additional 21,481 shares during the period. Envestnet Asset Management Inc. lifted its stake in S&P Global by 3.3% in the third quarter. Envestnet Asset Management Inc. now owns 938,251 shares of the business services provider’s stock valued at $456,656,000 after buying an additional 30,080 shares during the last quarter. Finally, Collier Financial acquired a new position in shares of S&P Global during the third quarter valued at $2,865,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Up 1.6%

Shares of NYSE:SPGI opened at $433.28 on Wednesday. The company has a 50 day moving average of $470.07 and a 200-day moving average of $491.63. The firm has a market cap of $129.46 billion, a P/E ratio of 29.58, a P/E/G ratio of 1.89 and a beta of 1.23. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 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 prior year, the business earned $3.77 EPS. S&P Global’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. As a group, analysts anticipate 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 declared a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend 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 is 26.48%.

Analyst Ratings Changes

Several equities analysts have recently commented on SPGI shares. Mizuho lowered 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 objective on shares of S&P Global and gave the company an “outperform” rating in a research report on Wednesday, February 11th. BMO Capital Markets upped their target price on shares of S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday. Stifel Nicolaus dropped their price target on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Finally, Morgan Stanley raised their price target 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. One investment 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 stock. According to data from MarketBeat, S&P Global currently has an average rating of “Buy” and an average price target of $563.53.

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.