Wedbush Securities Inc. Increases Position in S&P Global Inc. $SPGI

Wedbush Securities Inc. increased its holdings in S&P Global Inc. (NYSE:SPGI) by 62.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,945 shares of the business services provider’s stock after purchasing an additional 1,518 shares during the quarter. Wedbush Securities Inc.’s holdings in S&P Global were worth $1,920,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Varma Mutual Pension Insurance Co grew its stake in S&P Global by 21.9% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 63,407 shares of the business services provider’s stock valued at $30,861,000 after acquiring an additional 11,400 shares during the period. Beacon Bridge Wealth Partners LLC lifted its holdings in S&P Global by 23.7% during the third quarter. Beacon Bridge Wealth Partners LLC now owns 1,341 shares of the business services provider’s stock valued at $653,000 after purchasing an additional 257 shares in the last quarter. Savvy Advisors Inc. grew its position in shares of S&P Global by 42.5% in the third quarter. Savvy Advisors Inc. now owns 2,332 shares of the business services provider’s stock valued at $1,135,000 after purchasing an additional 696 shares during the period. Skylands Capital LLC increased its stake in shares of S&P Global by 100.5% during the third quarter. Skylands Capital LLC now owns 3,880 shares of the business services provider’s stock worth $1,888,000 after purchasing an additional 1,945 shares in the last quarter. Finally, Caprock Group LLC acquired a new stake in shares of S&P Global in the third quarter worth approximately $7,842,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on SPGI shares. BMO Capital Markets cut their target price on S&P Global from $601.00 to $482.00 and set an “outperform” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of 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. William Blair restated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Evercore lifted their target price on shares of S&P Global from $629.00 to $632.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Finally, Mizuho lowered their price objective on shares of S&P Global from $657.00 to $551.00 and set an “outperform” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating and eighteen have given a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $576.38.

S&P Global Stock Performance

Shares of SPGI opened at $397.28 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The company has a 50-day simple moving average of $509.14 and a 200-day simple moving average of $512.24. The company has a market capitalization of $120.30 billion, a PE ratio of 27.12, a P/E/G ratio of 1.69 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the prior year, the firm posted $3.77 EPS. The firm’s quarterly revenue 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. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, February 25th. This is an increase from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio (DPR) is 26.21%.

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.