S&P Global Inc. $SPGI Shares Purchased by Professional Advisory Services Inc.

Professional Advisory Services Inc. boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 37.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,717 shares of the business services provider’s stock after buying an additional 9,676 shares during the quarter. S&P Global makes up about 2.4% of Professional Advisory Services Inc.’s holdings, making the stock its 24th largest position. Professional Advisory Services Inc.’s holdings in S&P Global were worth $18,665,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of S&P Global by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 30,256,638 shares of the business services provider’s stock worth $14,726,208,000 after acquiring an additional 161,719 shares in the last quarter. TCI Fund Management Ltd. raised its position in shares of S&P Global by 7.0% during the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after acquiring an additional 730,354 shares in the last quarter. Wellington Management Group LLP lifted its stake in S&P Global by 4.6% during the third quarter. Wellington Management Group LLP now owns 6,231,644 shares of the business services provider’s stock worth $3,033,003,000 after purchasing an additional 274,285 shares during the last quarter. Norges Bank purchased a new stake in S&P Global during the second quarter worth approximately $2,188,945,000. Finally, Legal & General Group Plc boosted its holdings in S&P Global by 3.2% in the third quarter. Legal & General Group Plc now owns 2,202,872 shares of the business services provider’s stock valued at $1,072,160,000 after purchasing an additional 67,868 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on SPGI. UBS Group dropped their price target on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Evercore set a $625.00 target price on shares of S&P Global and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Wells Fargo & Company reduced their target price on S&P Global from $675.00 to $530.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. BMO Capital Markets increased their price objective on S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Finally, Bank of America began coverage on shares of S&P Global in a report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, S&P Global presently has a consensus rating of “Buy” and a consensus price target of $563.53.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $411.45 on Wednesday. The business has a 50-day moving average of $458.25 and a two-hundred day moving average of $487.49. The firm has a market capitalization of $122.94 billion, a PE ratio of 28.09, a P/E/G ratio of 1.90 and a beta of 1.23. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $579.05.

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). S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The business had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the previous year, the firm posted $3.77 EPS. 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. As a group, research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were given a $0.97 dividend. The ex-dividend date of this dividend 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 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is currently 26.48%.

S&P Global 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.