Western Wealth Management LLC Increases Stake in S&P Global Inc. $SPGI

Western Wealth Management LLC grew its holdings in S&P Global Inc. (NYSE:SPGI) by 30.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,761 shares of the business services provider’s stock after acquiring an additional 1,567 shares during the period. Western Wealth Management LLC’s holdings in S&P Global were worth $2,876,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SPGI. Norges Bank bought a new stake in shares of S&P Global during the 4th quarter valued at $2,398,991,000. EdgePoint Investment Group Inc. purchased a new stake in shares of S&P Global in the 1st quarter worth $702,911,000. Cardano Risk Management B.V. raised its holdings in S&P Global by 858.3% in the 4th quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock worth $919,879,000 after purchasing an additional 1,576,544 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in S&P Global by 2,256.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock worth $755,996,000 after purchasing an additional 1,385,249 shares during the period. Finally, Soroban Capital Partners LP lifted its position in S&P Global by 260.3% during the first quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock valued at $718,247,000 after purchasing an additional 1,219,990 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global News Summary

Here are the key news stories impacting S&P Global this week:

• Positive Sentiment: Wells Fargo issued a Buy rating on S&P Global, adding to the bullish case for the stock. Wells Fargo Releases a Buy Rating on S&P Global
• Positive Sentiment: Citigroup said S&P Global’s stock price is expected to rise, providing a positive counterpoint to the more cautious views from other analysts. Citigroup Analyst Says S&P Global Stock Price Expected to Rise
• Positive Sentiment: S&P Global agreed to acquire a stake in African ratings firm Agusto, expanding its presence in a developing credit-markets region and potentially supporting long-term growth. S&P Global Buys Into African Ratings With Agusto Deal
• Positive Sentiment: An investment analysis described the recent selloff as a potential buying opportunity, arguing that the company’s long-term fundamentals remain attractive. S&P Global: Why This Selloff Is a Rare Buying Opportunity
• Neutral Sentiment: Analysts remain divided on S&P Global, with bullish ratings offset by concerns about valuation and earnings estimates. Analysts Conflicted on S&P Global
• Neutral Sentiment: S&P Global underperformed some industry peers in the latest trading session, indicating weaker near-term market momentum. S&P Global Stock Underperforms Competitors
• Negative Sentiment: Robert W. Baird issued a pessimistic forecast for S&P Global’s stock price, adding pressure to the shares. Robert W. Baird Issues Pessimistic Forecast
• Negative Sentiment: JPMorgan Chase also issued a cautious stock-price forecast, reinforcing concerns about limited upside. JPMorgan Issues Pessimistic Forecast
• Negative Sentiment: Erste Group Bank reduced its FY2027 earnings-per-share forecast, signaling expectations for slower future profit growth. Erste Group Bank Cuts S&P Global FY2027 EPS Forecast
• Negative Sentiment: One valuation analysis called the stock slightly overvalued even after its substantial decline, which may discourage near-term buyers. S&P Global Stock Looks Slightly Overvalued

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Rothschild & Co Redburn cut their price target on S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a report on Thursday, June 18th. Citigroup raised their price objective on S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. The Goldman Sachs Group cut their price objective on S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Finally, Wall Street Zen upgraded S&P Global to a “hold” rating in a research note on Saturday, July 4th. Eighteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $523.59.

S&P Global Stock Down 0.7%

SPGI opened at $412.24 on Friday. The stock has a market cap of $121.53 billion, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 2.21 and a beta of 1.08. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.68 and a current ratio of 0.95. The firm’s fifty day moving average is $423.91 and its 200 day moving average is $438.02. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the business posted $4.43 EPS. S&P Global’s revenue for the quarter was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, sell-side analysts forecast that S&P Global Inc. will post 17.74 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s dividend payout ratio is 23.69%.

S&P Global 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.