S&P Global Inc. $SPGI Stock Position Decreased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 6.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 88,899 shares of the business services provider’s stock after selling 6,285 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in S&P Global were worth $47,996,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SPGI. Vanguard Group Inc. raised its position in S&P Global by 0.5% during the third quarter. Vanguard Group Inc. now owns 30,256,638 shares of the business services provider’s stock valued at $14,726,208,000 after acquiring an additional 161,719 shares in the last quarter. TCI Fund Management Ltd. grew its position in S&P Global by 7.0% in the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after acquiring an additional 730,354 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of S&P Global by 4.6% during the 3rd quarter. Wellington Management Group LLP now owns 6,231,644 shares of the business services provider’s stock worth $3,033,003,000 after purchasing an additional 274,285 shares during the last quarter. Norges Bank acquired a new position in shares of S&P Global during the 2nd quarter worth $2,188,945,000. Finally, Legal & General Group Plc raised its holdings in shares of S&P Global by 3.2% during the 3rd quarter. Legal & General Group Plc now owns 2,202,872 shares of the business services provider’s stock valued at $1,072,160,000 after purchasing an additional 67,868 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Mizuho reduced their price objective on shares of 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. Barclays restated an “overweight” rating and set a $565.00 target price on shares of S&P Global in a report on Monday, February 23rd. UBS Group reduced their price target on S&P Global from $620.00 to $550.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Stifel Nicolaus decreased their price target on S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Finally, Royal Bank Of Canada lowered their price objective on S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Buy” and an average price target of $563.53.

S&P Global Trading Up 1.0%

Shares of NYSE:SPGI opened at $428.53 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s 50-day moving average is $460.86 and its 200-day moving average is $488.38. The company has a market cap of $128.05 billion, a P/E ratio of 29.25, a P/E/G ratio of 1.88 and a beta of 1.23. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 earnings per share for the quarter, missing the consensus estimate of $4.32 by ($0.02). The business 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%.S&P Global’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.77 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

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

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.