Hilltop Holdings Inc. Buys 1,296 Shares of S&P Global Inc. $SPGI

Hilltop Holdings Inc. grew its stake in S&P Global Inc. (NYSE:SPGI) by 9.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,830 shares of the business services provider’s stock after buying an additional 1,296 shares during the quarter. Hilltop Holdings Inc.’s holdings in S&P Global were worth $7,218,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Summitry LLC lifted its position in S&P Global by 2.1% in the 2nd quarter. Summitry LLC now owns 883 shares of the business services provider’s stock valued at $466,000 after acquiring an additional 18 shares in the last quarter. Hamilton Capital LLC boosted its stake in S&P Global by 4.5% in the 2nd quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock worth $220,000 after purchasing an additional 18 shares during the period. Sand Hill Global Advisors LLC increased its holdings in S&P Global by 3.1% during the 2nd quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock worth $333,000 after purchasing an additional 19 shares in the last quarter. Chemistry Wealth Management LLC raised its stake in shares of S&P Global by 0.4% in the 3rd quarter. Chemistry Wealth Management LLC now owns 4,895 shares of the business services provider’s stock valued at $2,382,000 after purchasing an additional 21 shares during the period. Finally, Forbes J M & Co. LLP raised its stake in shares of S&P Global by 3.5% in the 3rd quarter. Forbes J M & Co. LLP now owns 627 shares of the business services provider’s stock valued at $305,000 after purchasing an additional 21 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.6%

NYSE:SPGI opened at $422.42 on Monday. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The firm has a market capitalization of $126.22 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 1.87 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. The stock’s 50 day moving average price is $474.31 and its two-hundred day moving average price is $493.30.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 EPS for the quarter, missing the consensus estimate 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 company had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period in the previous year, the company posted $3.77 EPS. The company’s quarterly revenue 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. Equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were given 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 was Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s payout ratio is 26.48%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Barclays reaffirmed an “overweight” rating and set a $565.00 price objective on shares of S&P Global in a research report on Monday, February 23rd. Morgan Stanley lifted their target price on S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Mizuho reduced their price target on S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. The Goldman Sachs Group set a $498.00 price target on shares of S&P Global in a research note on Wednesday, February 11th. Finally, Stifel Nicolaus lowered their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average 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.