Makena Capital Management LLC Increases Position in S&P Global Inc. $SPGI

Makena Capital Management LLC raised its holdings in S&P Global Inc. (NYSE:SPGI) by 29.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 52,155 shares of the business services provider’s stock after acquiring an additional 11,711 shares during the period. S&P Global makes up approximately 2.6% of Makena Capital Management LLC’s investment portfolio, making the stock its 16th largest position. Makena Capital Management LLC’s holdings in S&P Global were worth $25,384,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC grew its holdings in S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after buying an additional 143 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of S&P Global by 7.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock valued at $547,000 after acquiring an additional 75 shares during the last quarter. Brookstone Capital Management grew its holdings in shares of S&P Global by 7.5% in the second quarter. Brookstone Capital Management now owns 547 shares of the business services provider’s stock valued at $288,000 after purchasing an additional 38 shares during the period. Fielder Capital Group LLC acquired a new stake in S&P Global during the second quarter worth about $212,000. Finally, Focus Partners Advisor Solutions LLC raised its stake in S&P Global by 2.7% during the second quarter. Focus Partners Advisor Solutions LLC now owns 1,974 shares of the business services provider’s stock worth $1,040,000 after purchasing an additional 51 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SPGI has been the subject of several analyst reports. Wells Fargo & Company dropped their price target on shares of S&P Global from $675.00 to $530.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. JPMorgan Chase & Co. cut their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Stifel Nicolaus decreased their price target on S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Mizuho lowered their target price 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. Finally, Bank of America assumed coverage on shares of S&P Global in a research report on Tuesday, February 17th. They set a “buy” rating and a $575.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the company. According to MarketBeat.com, S&P Global presently has an average rating of “Buy” and a consensus price target of $566.33.

S&P Global Stock Up 0.1%

Shares of NYSE:SPGI opened at $417.28 on Monday. The firm has a market capitalization of $124.68 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 1.85 and a beta of 1.20. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. The firm’s 50-day moving average is $499.41 and its two-hundred day moving average is $506.14.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data 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 net margin of 29.16% and a return on equity of 16.56%. The business had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same quarter last year, the firm posted $3.77 EPS. The company’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. Analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be given a dividend of $0.97 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.96. 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. S&P Global’s dividend payout ratio is currently 26.21%.

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.