Invesco Ltd. Sells 67,532 Shares of S&P Global Inc. $SPGI

Invesco Ltd. cut its holdings in S&P Global Inc. (NYSE:SPGI) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,387,080 shares of the business services provider’s stock after selling 67,532 shares during the period. Invesco Ltd. owned about 0.79% of S&P Global worth $1,161,816,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank bought a new stake in S&P Global during the second quarter worth $2,188,945,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in S&P Global by 3,430.6% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock valued at $819,699,000 after purchasing an additional 1,510,540 shares during the period. TCI Fund Management Ltd. increased its position in shares of S&P Global by 7.0% during the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock valued at $5,848,502,000 after purchasing an additional 730,354 shares during the last quarter. Mizuho Markets Americas LLC raised its stake in shares of S&P Global by 104,031.3% during the 3rd quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock worth $289,900,000 after purchasing an additional 595,059 shares during the period. Finally, ABN AMRO Bank N.V. purchased a new position in shares of S&P Global in the 2nd quarter worth about $310,348,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SPGI shares. Mizuho decreased their price objective on shares of S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. UBS Group reduced their target price on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Royal Bank Of Canada decreased their price target on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. BMO Capital Markets dropped their price objective on S&P Global from $601.00 to $482.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Finally, Bank of America began coverage on S&P Global in a report on Tuesday, February 17th. They set a “buy” rating and a $575.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, S&P Global has an average rating of “Buy” and an average target price of $562.67.

S&P Global Price Performance

NYSE SPGI opened at $419.70 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 company has a market cap of $125.41 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $579.05. The firm’s 50-day simple moving average is $476.12 and its two-hundred day simple moving average is $494.99.

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 the consensus estimate 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 business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the previous year, the business earned $3.77 EPS. S&P Global’s revenue for the quarter 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. Research analysts predict 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 was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were paid a $0.97 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio (DPR) is presently 26.48%.

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.