King Luther Capital Management Corp Acquires 7,858 Shares of S&P Global Inc. $SPGI

King Luther Capital Management Corp increased its holdings in S&P Global Inc. (NYSE:SPGI) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,173 shares of the business services provider’s stock after purchasing an additional 7,858 shares during the period. King Luther Capital Management Corp’s holdings in S&P Global were worth $76,011,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake 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 stake in shares of S&P Global by 7.0% in the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock valued at $5,848,502,000 after acquiring an additional 730,354 shares in the last quarter. Geode Capital Management LLC lifted its holdings in S&P Global by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock worth $3,565,889,000 after purchasing an additional 42,724 shares during the last quarter. Norges Bank bought a new stake in S&P Global during the second quarter worth approximately $2,188,945,000. Finally, Legal & General Group Plc boosted its position in S&P Global by 1.3% during the second quarter. Legal & General Group Plc now owns 2,135,004 shares of the business services provider’s stock worth $1,125,766,000 after purchasing an additional 26,945 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

NYSE:SPGI opened at $419.61 on Thursday. The firm’s 50-day moving average is $502.71 and its 200-day moving average is $508.57. S&P Global Inc. has a 52-week low of $381.61 and a 52-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 company has a market cap of $125.38 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 1.94 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released 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 company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the business posted $3.77 EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be given a dividend of $0.97 per share. This is a boost 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%. The ex-dividend date is Wednesday, February 25th. S&P Global’s dividend payout ratio (DPR) is presently 26.21%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SPGI. The Goldman Sachs Group set a $498.00 price objective on shares of S&P Global in a research note on Wednesday, February 11th. BMO Capital Markets dropped their target price on shares of S&P Global from $601.00 to $482.00 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. Morgan Stanley upped their price target on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. UBS Group lowered their price target on S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, William Blair reiterated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating and seventeen have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $566.33.

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.