Hilltop Holdings Inc. Acquires 1,296 Shares of S&P Global Inc. $SPGI

Hilltop Holdings Inc. boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 9.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,830 shares of the business services provider’s stock after buying an additional 1,296 shares during the quarter. Hilltop Holdings Inc.’s holdings in S&P Global were worth $7,218,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPGI. Summitry LLC boosted its stake in shares of S&P Global by 2.1% during the 2nd quarter. Summitry LLC now owns 883 shares of the business services provider’s stock worth $466,000 after acquiring an additional 18 shares during the period. Hamilton Capital LLC increased its holdings in shares of S&P Global by 4.5% during the 2nd quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock worth $220,000 after acquiring an additional 18 shares during the last quarter. Sand Hill Global Advisors LLC raised its stake in S&P Global by 3.1% in the 2nd quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock valued at $333,000 after acquiring an additional 19 shares during the period. Chemistry Wealth Management LLC raised its stake in S&P Global by 0.4% in the 3rd quarter. Chemistry Wealth Management LLC now owns 4,895 shares of the business services provider’s stock valued at $2,382,000 after acquiring an additional 21 shares during the period. Finally, Forbes J M & Co. LLP lifted its holdings in S&P Global by 3.5% during the 3rd quarter. Forbes J M & Co. LLP now owns 627 shares of the business services provider’s stock valued at $305,000 after purchasing an additional 21 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on SPGI. BMO Capital Markets decreased their price objective 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. Stifel Nicolaus cut their target price on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating for the company 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. Evercore set a $625.00 price target on shares of S&P Global and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Finally, Weiss Ratings cut shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $562.67.

S&P Global Stock Up 0.6%

SPGI stock opened at $422.42 on Monday. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week 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. The stock 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 business’s fifty day moving average price is $474.31 and its two-hundred day moving average price is $493.30.

S&P Global (NYSE:SPGI) last announced its 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 net margin of 29.16% and a return on equity of 16.56%. The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the firm posted $3.77 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently announced 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. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, February 25th. This is a boost from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio (DPR) is currently 26.48%.

S&P Global Company 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.