S&P Global Inc. $SPGI Position Lessened by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 230,850 shares of the business services provider’s stock after selling 4,180 shares during the period. Handelsbanken Fonder AB owned 0.08% of S&P Global worth $112,357,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SPGI. Brighton Jones LLC increased its holdings in S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after buying an additional 143 shares during the last quarter. Sivia Capital Partners LLC grew its position in S&P Global by 7.8% in the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock worth $547,000 after acquiring an additional 75 shares in the last quarter. Y Intercept Hong Kong Ltd increased its stake in shares of S&P Global by 9.0% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 1,654 shares of the business services provider’s stock worth $872,000 after purchasing an additional 136 shares during the last quarter. Advisory Alpha LLC acquired a new position in shares of S&P Global during the 2nd quarter worth $262,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of S&P Global during the 2nd quarter valued at $58,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Up 3.3%

Shares of SPGI stock opened at $437.54 on Friday. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The firm’s fifty day simple moving average is $492.80 and its 200 day simple moving average is $503.06. The firm has a market capitalization of $130.74 billion, a P/E ratio of 29.87, a price-to-earnings-growth ratio of 1.88 and a beta of 1.20. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40.

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 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 company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the company earned $3.77 earnings per share. S&P Global’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. As a group, sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be given a $0.97 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio is 26.48%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of recent research reports. Mizuho decreased 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 report on Thursday, February 12th. Evercore set a $625.00 price target on S&P Global and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. The Goldman Sachs Group set a $498.00 price objective on S&P Global in a report on Wednesday, February 11th. Royal Bank Of Canada cut their price objective on S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Finally, BMO Capital Markets decreased their target price on S&P Global from $601.00 to $482.00 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the stock. Based on data from MarketBeat, S&P Global presently has an average rating of “Buy” and an average target price 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.