TIAA Trust National Association Boosts Stock Position in S&P Global Inc. $SPGI

TIAA Trust National Association boosted its stake in S&P Global Inc. (NYSE:SPGI) by 82.1% in the third quarter, Holdings Channel reports. The fund owned 46,471 shares of the business services provider’s stock after buying an additional 20,950 shares during the quarter. TIAA Trust National Association’s holdings in S&P Global were worth $22,618,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in shares of S&P Global by 17.7% in the third quarter. Jones Financial Companies Lllp now owns 66,809 shares of the business services provider’s stock valued at $32,541,000 after acquiring an additional 10,044 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in S&P Global by 4.1% in the second quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock worth $11,314,000 after purchasing an additional 850 shares during the period. Prime Capital Investment Advisors LLC boosted its stake in S&P Global by 324.8% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 28,094 shares of the business services provider’s stock valued at $13,673,000 after purchasing an additional 21,481 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of S&P Global by 3.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 938,251 shares of the business services provider’s stock valued at $456,656,000 after purchasing an additional 30,080 shares during the period. Finally, Collier Financial bought a new stake in shares of S&P Global in the 3rd quarter worth $2,865,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SPGI has been the subject of several research reports. The Goldman Sachs Group set a $498.00 target price on S&P Global in a research note on Wednesday, February 11th. Wells Fargo & Company lowered their price objective on shares of S&P Global from $675.00 to $530.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. Evercore set a $625.00 target price on shares of S&P Global and gave the stock an “outperform” rating in a report on Wednesday, February 11th. UBS Group reduced their target price on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Finally, Royal Bank Of Canada decreased their price target on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and seventeen have issued a Buy rating to the company. Based on data from MarketBeat.com, S&P Global currently has a consensus rating of “Buy” and a consensus price target of $562.67.

S&P Global Stock Performance

Shares of SPGI opened at $441.48 on Friday. The firm has a market cap of $131.91 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20. The company’s fifty day moving average is $491.39 and its 200-day moving average is $502.26. The company has a quick ratio of 0.82, a current 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.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.32 by ($0.02). The business had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.77 EPS. 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 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio (DPR) 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.