Prudential PLC Lowers Stock Position in S&P Global Inc. $SPGI

Prudential PLC decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 9.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 41,450 shares of the business services provider’s stock after selling 4,257 shares during the period. Prudential PLC’s holdings in S&P Global were worth $20,174,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of S&P Global in the 3rd quarter valued at approximately $207,000. United Financial Planning Group LLC acquired a new position in S&P Global during the third quarter worth $55,000. Onex Canada Asset Management Inc. grew its holdings in S&P Global by 3.2% during the third quarter. Onex Canada Asset Management Inc. now owns 55,478 shares of the business services provider’s stock worth $27,002,000 after acquiring an additional 1,724 shares during the period. Temasek Holdings Private Ltd raised its position in S&P Global by 14.2% in the third quarter. Temasek Holdings Private Ltd now owns 958,192 shares of the business services provider’s stock worth $466,362,000 after acquiring an additional 118,788 shares in the last quarter. Finally, Regal Investment Advisors LLC raised its position in S&P Global by 1.9% in the third quarter. Regal Investment Advisors LLC now owns 2,457 shares of the business services provider’s stock worth $1,196,000 after acquiring an additional 45 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Up 0.6%

SPGI stock opened at $422.42 on Friday. The company’s 50 day simple moving average is $474.31 and its 200-day simple moving average is $494.10. The firm has a market capitalization of $126.22 billion, a PE ratio of 28.83, a P/E/G ratio of 1.86 and a beta of 1.23. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $579.05. 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 (NYSE:SPGI) last issued 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). 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 for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period last year, the business earned $3.77 earnings per share. The company’s revenue for the quarter 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 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 declared a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were given a dividend of $0.97 per share. 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 yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is 26.48%.

Analysts Set New Price Targets

Several equities research analysts have commented on SPGI shares. UBS Group decreased their target price on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Weiss Ratings downgraded shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Morgan Stanley raised their price objective on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. William Blair reissued an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Finally, The Goldman Sachs Group set a $498.00 target price on shares of S&P Global in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average 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.