S&P Global Inc. $SPGI Shares Purchased by Neuberger Berman Group LLC

Neuberger Berman Group LLC increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,720,364 shares of the business services provider’s stock after purchasing an additional 25,574 shares during the period. S&P Global accounts for about 0.6% of Neuberger Berman Group LLC’s investment portfolio, making the stock its 19th biggest holding. Neuberger Berman Group LLC’s holdings in S&P Global were worth $837,409,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SPGI. MTM Investment Management LLC purchased a new position in S&P Global in the second quarter worth approximately $27,000. J.Safra Asset Management Corp purchased a new stake in shares of S&P Global in the 3rd quarter valued at approximately $29,000. Howard Hughes Medical Institute acquired a new stake in shares of S&P Global in the 2nd quarter valued at $36,000. First Pacific Financial raised its holdings in shares of S&P Global by 51.0% in the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 25 shares in the last quarter. Finally, TruNorth Capital Management LLC lifted its position in shares of S&P Global by 937.5% during the 3rd quarter. TruNorth Capital Management LLC now owns 83 shares of the business services provider’s stock worth $40,000 after purchasing an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.3%

Shares of S&P Global stock opened at $452.52 on Friday. S&P Global Inc. has a 1 year low of $381.61 and a 1 year 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 capitalization of $135.21 billion, a P/E ratio of 30.89, a PEG ratio of 2.00 and a beta of 1.23. The company’s fifty day moving average is $483.57 and its two-hundred day moving average is $498.40.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 earnings per share for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.02). The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The firm’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. 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 disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be issued a dividend of $0.97 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, February 25th. S&P Global’s payout ratio is presently 26.48%.

Analyst Ratings Changes

A number of research firms have weighed in on SPGI. Barclays restated an “overweight” rating and issued a $565.00 price target on shares of S&P Global in a research note on Monday, February 23rd. Morgan Stanley increased their price objective on S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Robert W. Baird set a $546.00 target price on S&P Global in a research note on Wednesday, February 11th. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Finally, Mizuho dropped their price target on shares of S&P Global from $657.00 to $551.00 and set an “outperform” rating on the stock in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating and seventeen have issued a Buy rating to the company. According to data from MarketBeat, S&P Global has a consensus rating of “Buy” and a consensus price target of $562.67.

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.