S&P Global Inc. $SPGI Holdings Lowered by Synergy Asset Management LLC

Synergy Asset Management LLC reduced its stake in S&P Global Inc. (NYSE:SPGI) by 91.5% in the fourth quarter, HoldingsChannel reports. The fund owned 2,192 shares of the business services provider’s stock after selling 23,501 shares during the quarter. Synergy Asset Management LLC’s holdings in S&P Global were worth $1,146,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SPGI. J.Safra Asset Management Corp acquired a new stake in S&P Global in the third quarter worth approximately $29,000. Howard Hughes Medical Institute acquired a new position in shares of S&P Global during the 2nd quarter valued at $36,000. First Pacific Financial raised its stake 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 worth $36,000 after buying an additional 25 shares in the last quarter. Palisade Asset Management LLC acquired a new stake in shares of S&P Global in the third quarter valued at $36,000. Finally, Ameriflex Group Inc. boosted its stake in S&P Global by 171.4% during the third 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 in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Morgan Stanley upped their price target on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Mizuho lowered their price objective 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. BMO Capital Markets boosted their target price on shares of S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Barclays restated an “overweight” rating and set a $565.00 target price on shares of S&P Global in a report on Monday, February 23rd. Finally, Evercore set a $625.00 price target on shares of S&P Global and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, S&P Global has an average rating of “Buy” and an average target price of $563.53.

S&P Global Stock Up 0.8%

SPGI stock opened at $411.83 on Friday. 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 firm has a market capitalization of $123.05 billion, a P/E ratio of 28.11, a P/E/G ratio of 1.81 and a beta of 1.23. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The company’s 50 day simple moving average is $452.82 and its 200-day simple moving average is $486.41.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 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 firm had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the business posted $3.77 EPS. 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. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently declared 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 a positive change 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 was Wednesday, February 25th. S&P Global’s dividend payout ratio is presently 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.