Round Hill Asset Management Sells 1,836 Shares of S&P Global Inc. $SPGI

Round Hill Asset Management cut its holdings in S&P Global Inc. (NYSE:SPGI) by 6.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 25,236 shares of the business services provider’s stock after selling 1,836 shares during the quarter. S&P Global makes up about 8.1% of Round Hill Asset Management’s holdings, making the stock its largest holding. Round Hill Asset Management’s holdings in S&P Global were worth $12,283,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp lifted its position in S&P Global by 17.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 66,809 shares of the business services provider’s stock worth $32,541,000 after acquiring an additional 10,044 shares during the period. Avantax Advisory Services Inc. boosted its position in S&P Global by 4.1% in the 2nd quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock worth $11,314,000 after purchasing an additional 850 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in S&P Global by 324.8% during the third quarter. Prime Capital Investment Advisors LLC now owns 28,094 shares of the business services provider’s stock worth $13,673,000 after buying an additional 21,481 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of S&P Global by 3.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 938,251 shares of the business services provider’s stock worth $456,656,000 after acquiring an additional 30,080 shares in the last quarter. Finally, Collier Financial acquired a new stake in S&P Global in the third quarter valued at approximately $2,865,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.9%

Shares of SPGI opened at $441.48 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $491.39 and a 200 day moving average price of $501.44. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The firm has a market capitalization of $131.91 billion, a P/E ratio of 30.13, a P/E/G ratio of 1.96 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 for the quarter, missing the consensus estimate of $4.32 by ($0.02). The firm had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.89 billion. S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the company earned $3.77 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be paid a $0.97 dividend. 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. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio is currently 26.48%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several research analyst reports. Evercore set a $625.00 target price on shares of S&P Global and gave the company an “outperform” rating in a research report on Wednesday, February 11th. UBS Group lowered their price objective on S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Mizuho reduced their target price on S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. Bank of America initiated coverage on S&P Global in a research report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 target price on the stock. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and seventeen have issued a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus 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.