Vestmark Advisory Solutions Inc. Has $2.09 Million Position in S&P Global Inc. $SPGI

Vestmark Advisory Solutions Inc. boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 117.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,286 shares of the business services provider’s stock after purchasing an additional 2,318 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in S&P Global were worth $2,086,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of SPGI. Vanguard Group Inc. raised its stake in S&P Global by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 30,256,638 shares of the business services provider’s stock worth $14,726,208,000 after buying an additional 161,719 shares during the period. TCI Fund Management Ltd. increased its holdings in shares of 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. Geode Capital Management LLC raised its position in shares of S&P Global by 0.6% during the second quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock worth $3,565,889,000 after purchasing an additional 42,724 shares during the period. Norges Bank bought a new position in shares of S&P Global during the 2nd quarter valued at about $2,188,945,000. Finally, Legal & General Group Plc grew its position in shares of S&P Global by 1.3% in the 2nd quarter. Legal & General Group Plc now owns 2,135,004 shares of the business services provider’s stock valued at $1,125,766,000 after purchasing an additional 26,945 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Up 3.4%

Shares of S&P Global stock opened at $418.68 on Wednesday. S&P Global Inc. has a 12-month low of $381.61 and a 12-month 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 business’s 50 day moving average is $495.90 and its 200-day moving average is $504.08. The stock has a market cap of $125.10 billion, a P/E ratio of 28.58, a P/E/G ratio of 1.79 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results 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 firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the company posted $3.77 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. 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 fiscal year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Wednesday, February 25th. S&P Global’s dividend payout ratio (DPR) is presently 26.21%.

Analyst Upgrades and Downgrades

SPGI has been the topic of several research analyst reports. Stifel Nicolaus dropped their target price on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Mizuho reduced 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. Robert W. Baird set a $546.00 price target on S&P Global in a report on Wednesday, February 11th. Bank of America assumed coverage on S&P Global in a report on Tuesday, February 17th. They set a “buy” rating and a $575.00 price objective for the company. Finally, UBS Group cut their target price 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. One research analyst has rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $562.67.

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.