Snider Financial Group Acquires 1,444 Shares of S&P Global Inc. $SPGI

Snider Financial Group lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 24.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,300 shares of the business services provider’s stock after purchasing an additional 1,444 shares during the quarter. Snider Financial Group’s holdings in S&P Global were worth $3,815,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Ameliora Wealth Management Ltd. increased its holdings in shares of S&P Global by 6.2% during the fourth quarter. Ameliora Wealth Management Ltd. now owns 1,089 shares of the business services provider’s stock worth $569,000 after purchasing an additional 64 shares during the period. Banque de Luxembourg S.A. increased its holdings in shares of S&P Global by 4.9% during the fourth quarter. Banque de Luxembourg S.A. now owns 15,854 shares of the business services provider’s stock worth $8,285,000 after purchasing an additional 736 shares during the period. NovaPoint Capital LLC increased its holdings in shares of S&P Global by 3.0% during the fourth quarter. NovaPoint Capital LLC now owns 11,093 shares of the business services provider’s stock worth $5,797,000 after purchasing an additional 327 shares during the period. Apella Capital LLC bought a new position in shares of S&P Global during the fourth quarter worth approximately $215,000. Finally, Aaron Wealth Advisors LLC increased its holdings in shares of S&P Global by 20.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 4,494 shares of the business services provider’s stock worth $2,349,000 after purchasing an additional 748 shares during the period. 87.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Morgan Stanley lowered their target price on shares of S&P Global from $580.00 to $556.00 and set an “overweight” rating on the stock in a report on Tuesday. BMO Capital Markets boosted their price objective on shares of S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Stifel Nicolaus lowered their price objective on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Robert W. Baird set a $546.00 price objective on shares of S&P Global in a research report on Wednesday, February 11th. Finally, The Goldman Sachs Group set a $498.00 price objective on shares of S&P Global in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $558.80.

S&P Global Stock Down 1.2%

Shares of SPGI opened at $429.01 on Wednesday. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05. The company has a market cap of $130.19 billion, a P/E ratio of 29.28, a P/E/G ratio of 1.91 and a beta of 1.20. 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 50 day simple moving average of $435.29 and a two-hundred day simple moving average of $479.37.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the firm earned $3.77 earnings per share. The firm’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. Research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This is a boost 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%. S&P Global’s payout ratio is presently 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.