Riverbridge Partners LLC Lowers Holdings in S&P Global Inc. $SPGI

Riverbridge Partners LLC trimmed its holdings in S&P Global Inc. (NYSE:SPGI) by 4.0% in the 4th quarter, HoldingsChannel reports. The firm owned 154,991 shares of the business services provider’s stock after selling 6,479 shares during the quarter. S&P Global makes up approximately 1.5% of Riverbridge Partners LLC’s portfolio, making the stock its 20th largest holding. Riverbridge Partners LLC’s holdings in S&P Global were worth $80,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Hamilton Capital LLC lifted its holdings in shares of S&P Global by 4.5% in the second quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock worth $220,000 after buying an additional 18 shares in the last quarter. Sand Hill Global Advisors LLC grew its stake in S&P Global by 3.1% during the second quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock valued at $333,000 after acquiring an additional 19 shares in the last quarter. Chemistry Wealth Management LLC grew its stake in S&P Global by 0.4% during the third quarter. Chemistry Wealth Management LLC now owns 4,895 shares of the business services provider’s stock valued at $2,382,000 after acquiring an additional 21 shares in the last quarter. Forbes J M & Co. LLP increased its holdings in S&P Global by 3.5% in the 3rd quarter. Forbes J M & Co. LLP now owns 627 shares of the business services provider’s stock valued at $305,000 after acquiring an additional 21 shares during the last quarter. Finally, Centerpoint Advisors LLC increased its holdings in S&P Global by 2.5% in the 3rd quarter. Centerpoint Advisors LLC now owns 859 shares of the business services provider’s stock valued at $418,000 after acquiring an additional 21 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SPGI has been the subject of several research reports. Robert W. Baird set a $546.00 price objective on shares of S&P Global in a report on Wednesday, February 11th. Bank of America assumed coverage on S&P Global in a report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 target price on the stock. Evercore set a $625.00 target price on S&P Global and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. Mizuho dropped their price target on S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. Finally, Wells Fargo & Company cut their price target 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. One research 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $563.53.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $411.83 on Friday. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $579.05. The stock has a market capitalization of $123.05 billion, a P/E ratio of 28.11, a PEG ratio of 1.81 and a beta of 1.23. The firm has a fifty day simple moving average of $452.82 and a two-hundred day simple moving average of $486.41. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

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). 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 analysts’ expectations of $3.89 billion. During the same quarter in the prior year, the company posted $3.77 earnings per share. The firm’s quarterly 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. On average, 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 business also recently disclosed 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. 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. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s payout ratio is presently 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.