Intech Investment Management LLC Buys 8,652 Shares of S&P Global Inc. $SPGI

Intech Investment Management LLC grew its stake in S&P Global Inc. (NYSE:SPGI) by 73.5% during the third quarter, HoldingsChannel reports. The firm owned 20,419 shares of the business services provider’s stock after buying an additional 8,652 shares during the quarter. Intech Investment Management LLC’s holdings in S&P Global were worth $9,938,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SPGI. Brighton Jones LLC increased its holdings in shares of S&P Global by 4.7% during 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 in the last quarter. Sivia Capital Partners LLC boosted its holdings 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 in the last quarter. Y Intercept Hong Kong Ltd grew its position in 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 acquiring an additional 136 shares during the last quarter. Advisory Alpha LLC bought a new stake in S&P Global during the 2nd quarter worth $262,000. Finally, Bank of Jackson Hole Trust acquired a new position in S&P Global in the 2nd quarter worth about $58,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Evercore set a $625.00 price objective on shares of S&P Global and gave the company an “outperform” rating in a report on Wednesday, February 11th. Mizuho cut their target price 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, February 12th. Stifel Nicolaus cut their price target 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. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and seventeen have issued a Buy rating to the company. Based on data from MarketBeat.com, S&P Global currently has a consensus rating of “Buy” and an average target price of $562.67.

S&P Global Price Performance

SPGI stock opened at $437.54 on Friday. 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 firm has a market cap of $130.74 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 1.88 and a beta of 1.20. The company’s fifty day simple moving average is $492.80 and its 200 day simple moving average is $503.06. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05.

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). The business had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be issued a $0.97 dividend. The ex-dividend date is Wednesday, February 25th. 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 yield of 0.9%. S&P Global’s dividend payout ratio is presently 26.48%.

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.