S&P Global Inc. $SPGI Shares Sold by Richard Bernstein Advisors LLC

Richard Bernstein Advisors LLC lessened its stake in S&P Global Inc. (NYSE:SPGI) by 54.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 7,298 shares of the business services provider’s stock after selling 8,587 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in S&P Global were worth $3,552,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of SPGI. Vanguard Group Inc. boosted its stake in shares of S&P Global by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 30,256,638 shares of the business services provider’s stock valued at $14,726,208,000 after purchasing an additional 161,719 shares in the last quarter. TCI Fund Management Ltd. grew its holdings in S&P Global by 7.0% in the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after purchasing an additional 730,354 shares during the period. Geode Capital Management LLC increased its position in S&P Global by 0.6% in the second quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock worth $3,565,889,000 after buying an additional 42,724 shares during the last quarter. Norges Bank purchased a new stake in S&P Global during the 2nd quarter valued at approximately $2,188,945,000. Finally, Legal & General Group Plc boosted its holdings in shares of S&P Global by 3.2% in the third quarter. Legal & General Group Plc now owns 2,202,872 shares of the business services provider’s stock valued at $1,072,160,000 after purchasing an additional 67,868 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 1.5%

NYSE SPGI opened at $445.69 on Tuesday. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The stock’s 50-day simple moving average is $481.89 and its two-hundred day simple moving average is $496.84. The company has a market capitalization of $133.17 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 2.00 and a beta of 1.23. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

S&P Global (NYSE:SPGI) last posted its 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). S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same period last year, the business posted $3.77 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Research analysts forecast that S&P Global Inc. will post 17.11 EPS 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. Stockholders of record on Wednesday, February 25th will be paid a $0.97 dividend. The ex-dividend date is Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. 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 presently 26.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SPGI shares. Morgan Stanley lifted their price objective on S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Wells Fargo & Company cut their target price on S&P Global from $675.00 to $530.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. The Goldman Sachs Group set a $498.00 price objective on S&P Global in a research note on Wednesday, February 11th. Royal Bank Of Canada cut their target price on S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Finally, Robert W. Baird set a $546.00 price target on S&P Global in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the stock. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Buy” and a consensus target price 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.