Legal & General Group Plc Increases Stock Position in S&P Global Inc. $SPGI

Legal & General Group Plc grew its holdings in S&P Global Inc. (NYSE:SPGI) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,202,872 shares of the business services provider’s stock after purchasing an additional 67,868 shares during the quarter. Legal & General Group Plc’s holdings in S&P Global were worth $1,072,160,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SPGI. Brighton Jones LLC boosted its stake 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 valued at $1,582,000 after acquiring an additional 143 shares during the last quarter. Sivia Capital Partners LLC increased its position in 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 worth $547,000 after purchasing an additional 75 shares in the last quarter. Savant Capital LLC raised its stake in S&P Global by 5.2% in the 2nd quarter. Savant Capital LLC now owns 6,272 shares of the business services provider’s stock valued at $3,307,000 after purchasing an additional 308 shares during the last quarter. Wedbush Securities Inc. lifted its holdings in S&P Global by 12.9% in the 2nd quarter. Wedbush Securities Inc. now owns 2,427 shares of the business services provider’s stock valued at $1,280,000 after purchasing an additional 277 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in S&P Global by 17.1% in the 2nd quarter. Penserra Capital Management LLC now owns 3,800 shares of the business services provider’s stock valued at $2,003,000 after purchasing an additional 555 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $445.69 on Tuesday. The business has a 50-day moving average of $481.89 and a two-hundred day moving average of $496.84. The firm has a market capitalization of $133.17 billion, a PE ratio of 30.42, a P/E/G ratio of 2.00 and a beta of 1.23. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. 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 earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.02). The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.77 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be paid a dividend of $0.97 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, February 25th. S&P Global’s payout ratio is presently 26.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SPGI shares. BMO Capital Markets lowered their price target on shares of S&P Global from $601.00 to $482.00 and set an “outperform” rating for the company in a report on Wednesday, February 11th. Royal Bank Of Canada decreased their target price on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 11th. Barclays reaffirmed an “overweight” rating and issued a $565.00 target price on shares of S&P Global in a research note on Monday, February 23rd. Mizuho cut their price target 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. Finally, Robert W. Baird set a $546.00 price target on S&P Global in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the stock. According to data from MarketBeat.com, S&P Global presently has an average rating of “Buy” and an average 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.