S&P Global Inc. $SPGI Stock Position Increased by Comgest Global Investors S.A.S.

Comgest Global Investors S.A.S. lifted its stake in S&P Global Inc. (NYSE:SPGI) by 1.4% in the third quarter, HoldingsChannel.com reports. The fund owned 453,999 shares of the business services provider’s stock after purchasing an additional 6,186 shares during the period. S&P Global accounts for 3.9% of Comgest Global Investors S.A.S.’s holdings, making the stock its 9th biggest position. Comgest Global Investors S.A.S.’s holdings in S&P Global were worth $220,966,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings 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 valued at $14,726,208,000 after buying an additional 161,719 shares during the period. TCI Fund Management Ltd. lifted its holdings in S&P Global by 7.0% in the second 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 during the period. Geode Capital Management LLC lifted its holdings in S&P Global by 0.6% in the second quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock valued at $3,565,889,000 after acquiring an additional 42,724 shares during the period. Norges Bank purchased a new position in S&P Global in the second quarter worth about $2,188,945,000. Finally, Legal & General Group Plc grew its stake in shares of S&P Global by 1.3% during the 2nd quarter. Legal & General Group Plc now owns 2,135,004 shares of the business services provider’s stock valued at $1,125,766,000 after purchasing an additional 26,945 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 2.2%

Shares of SPGI stock opened at $419.61 on Thursday. 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 one year low of $381.61 and a one year high of $579.05. The company’s fifty day moving average price is $502.71 and its 200-day moving average price is $508.57. The company has a market capitalization 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 issued its quarterly earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.02). S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the previous year, the company posted $3.77 EPS. The company’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. Sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s payout ratio is presently 26.21%.

Analysts Set New Price Targets

SPGI has been the topic of several recent research reports. William Blair reiterated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. BMO Capital Markets decreased their price target on shares of S&P Global from $601.00 to $482.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 11th. Robert W. Baird set a $546.00 price target on shares of S&P Global in a research note on Wednesday, February 11th. Royal Bank Of Canada reduced their price objective on S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. Finally, The Goldman Sachs Group set a $498.00 target price on S&P Global in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the company. Based on data from MarketBeat, S&P Global 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.