SevenBridge Financial Group LLC Acquires 1,514 Shares of S&P Global Inc. $SPGI

SevenBridge Financial Group LLC lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 39.7% during the third quarter, HoldingsChannel.com reports. The firm owned 5,324 shares of the business services provider’s stock after purchasing an additional 1,514 shares during the period. SevenBridge Financial Group LLC’s holdings in S&P Global were worth $2,640,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SPGI. MTM Investment Management LLC bought a new stake in S&P Global during the 2nd quarter worth about $27,000. J.Safra Asset Management Corp acquired a new position in shares of S&P Global during the 3rd quarter worth about $29,000. Howard Hughes Medical Institute bought a new position in shares of S&P Global in the 2nd quarter valued at about $36,000. First Pacific Financial increased its position in shares of S&P Global by 51.0% in the third quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 25 shares during the last quarter. Finally, Ameriflex Group Inc. increased its position in shares of S&P Global by 171.4% in the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 48 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 1.5%

Shares of SPGI opened at $428.93 on Thursday. The firm has a market cap of $128.16 billion, a P/E ratio of 29.28, a price-to-earnings-growth ratio of 1.93 and a beta of 1.23. 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 52 week low of $381.61 and a 52 week high of $579.05. The firm’s 50-day simple moving average is $478.18 and its 200 day simple moving average is $495.52.

S&P Global (NYSE:SPGI) last issued 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). S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter last year, the business earned $3.77 earnings per share. The company’s revenue 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. On average, analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, February 25th. This is an increase from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s payout ratio is 26.48%.

Wall Street Analyst Weigh In

SPGI has been the subject of several recent research reports. Evercore set a $625.00 price target on S&P Global and gave the company an “outperform” rating in a research report on Wednesday, February 11th. The Goldman Sachs Group set a $498.00 price target on S&P Global in a research report on Wednesday, February 11th. UBS Group dropped their price objective on S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Stifel Nicolaus cut their price objective on S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Finally, Morgan Stanley raised their target price on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $562.67.

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.