Gamco Investors INC. ET AL Sells 1,305 Shares of S&P Global Inc. $SPGI

Gamco Investors INC. ET AL reduced its stake in S&P Global Inc. (NYSE:SPGI) by 6.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,584 shares of the business services provider’s stock after selling 1,305 shares during the period. Gamco Investors INC. ET AL’s holdings in S&P Global were worth $9,045,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Summitry LLC lifted its holdings in shares of S&P Global by 2.1% in the 2nd quarter. Summitry LLC now owns 883 shares of the business services provider’s stock valued at $466,000 after acquiring an additional 18 shares during the last quarter. Hamilton Capital LLC grew its position in S&P Global by 4.5% in the second quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock worth $220,000 after acquiring an additional 18 shares in the last quarter. Sand Hill Global Advisors LLC increased its stake in S&P Global by 3.1% during the second quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock worth $333,000 after acquiring an additional 19 shares during the last quarter. Chemistry Wealth Management LLC raised its position in S&P Global by 0.4% during the third quarter. Chemistry Wealth Management LLC now owns 4,895 shares of the business services provider’s stock valued at $2,382,000 after purchasing an additional 21 shares during the period. Finally, Forbes J M & Co. LLP raised its position in S&P Global by 3.5% during the third 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 period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on SPGI. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. The Goldman Sachs Group set a $498.00 target price on S&P Global in a research report on Wednesday, February 11th. Evercore set a $625.00 price target on S&P Global and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. Bank of America started coverage on shares of S&P Global in a research note on Tuesday, February 17th. They set a “buy” rating and a $575.00 price objective for the company. Finally, Royal Bank Of Canada cut their price objective 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 assigned a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $562.67.

S&P Global Price Performance

SPGI opened at $452.52 on Monday. The business has a fifty day moving average of $483.57 and a 200 day moving average of $497.59. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock has a market cap of $135.21 billion, a P/E ratio of 30.89, a PEG ratio of 2.00 and a beta of 1.23.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share 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 business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the previous year, the business earned $3.77 EPS. The business’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, sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $3.88 annualized dividend and a yield of 0.9%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. 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.