BlueSpruce Investments LP Has $308.91 Million Holdings in S&P Global Inc. $SPGI

BlueSpruce Investments LP lifted its stake in S&P Global Inc. (NYSE:SPGI) by 12.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 634,680 shares of the business services provider’s stock after acquiring an additional 68,631 shares during the quarter. S&P Global makes up approximately 7.1% of BlueSpruce Investments LP’s investment portfolio, making the stock its 7th largest position. BlueSpruce Investments LP owned approximately 0.21% of S&P Global worth $308,905,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. MTM Investment Management LLC bought a new position in S&P Global in the second quarter valued at approximately $27,000. J.Safra Asset Management Corp bought a new stake in shares of S&P Global during the 3rd quarter worth approximately $29,000. Howard Hughes Medical Institute bought a new stake in shares of S&P Global during the 2nd quarter worth approximately $36,000. First Pacific Financial boosted 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 buying an additional 25 shares during the last quarter. Finally, Ameriflex Group Inc. boosted its holdings in shares of S&P Global by 171.4% in the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after buying an additional 48 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Robert W. Baird set a $546.00 target price on shares of S&P Global in a report on Wednesday, February 11th. Morgan Stanley increased their price target 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. Evercore set a $625.00 price objective on shares of S&P Global and gave the company an “outperform” rating in a research report 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. Finally, Wells Fargo & Company dropped their target price on shares of S&P Global from $675.00 to $530.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $562.67.

S&P Global Price Performance

S&P Global stock opened at $422.42 on Friday. The company has a market capitalization of $126.22 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 1.87 and a beta of 1.23. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $579.05. The stock’s 50 day moving average is $474.31 and its 200-day moving average is $493.69.

S&P Global (NYSE:SPGI) last released its quarterly 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). The firm 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 business’s revenue for the quarter was up 9.0% on a year-over-year basis. 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. Equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were 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 dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, February 25th. S&P Global’s payout ratio is 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.