LGT Fund Management Co Ltd. Grows Position in S&P Global Inc. $SPGI

LGT Fund Management Co Ltd. boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,942 shares of the business services provider’s stock after buying an additional 1,389 shares during the period. S&P Global accounts for approximately 1.5% of LGT Fund Management Co Ltd.’s portfolio, making the stock its 15th biggest holding. LGT Fund Management Co Ltd.’s holdings in S&P Global were worth $18,757,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LGT Group Foundation raised its position in S&P Global by 25.9% in the 3rd quarter. LGT Group Foundation now owns 223,776 shares of the business services provider’s stock valued at $107,786,000 after purchasing an additional 46,104 shares during the last quarter. Schroder Investment Management Group grew its position in S&P Global by 2.5% during the 3rd quarter. Schroder Investment Management Group now owns 292,928 shares of the business services provider’s stock worth $143,927,000 after purchasing an additional 7,063 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management grew its position in S&P Global by 7.5% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 574 shares of the business services provider’s stock worth $280,000 after purchasing an additional 40 shares during the last quarter. Private Advisor Group LLC increased its stake in S&P Global by 19.2% in the third quarter. Private Advisor Group LLC now owns 10,534 shares of the business services provider’s stock valued at $5,127,000 after purchasing an additional 1,697 shares during the period. Finally, Pinnacle Associates Ltd. raised its holdings in shares of S&P Global by 0.5% in the third quarter. Pinnacle Associates Ltd. now owns 5,106 shares of the business services provider’s stock valued at $2,485,000 after buying an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.3%

SPGI stock opened at $452.52 on Monday. The stock has a market capitalization of $135.21 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 2.00 and a beta of 1.23. The company has a fifty day moving average of $483.57 and a 200-day moving average of $497.59. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05.

S&P Global (NYSE:SPGI) last issued its quarterly 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). The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be paid a dividend of $0.97 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is currently 26.48%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. Robert W. Baird set a $546.00 price target on S&P Global in a research report on Wednesday, February 11th. Mizuho reduced their price objective on S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. Royal Bank Of Canada decreased their price objective on S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. Finally, The Goldman Sachs Group set a $498.00 target price on S&P Global in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $562.67.

S&P Global 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.