Neuberger Berman Group LLC Purchases 25,574 Shares of S&P Global Inc. $SPGI

Neuberger Berman Group LLC lifted its position in S&P Global Inc. (NYSE:SPGI) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,720,364 shares of the business services provider’s stock after acquiring an additional 25,574 shares during the quarter. S&P Global accounts for approximately 0.6% of Neuberger Berman Group LLC’s investment portfolio, making the stock its 19th largest holding. Neuberger Berman Group LLC owned approximately 0.57% of S&P Global worth $837,409,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SPGI. MTM Investment Management LLC purchased a new stake in shares of S&P Global during the 2nd quarter valued at $27,000. J.Safra Asset Management Corp acquired a new position in S&P Global during the 3rd quarter valued at about $29,000. Howard Hughes Medical Institute purchased a new stake in S&P Global in the second quarter valued at about $36,000. First Pacific Financial boosted its holdings in S&P Global by 51.0% in the third quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock worth $36,000 after acquiring an additional 25 shares in the last quarter. Finally, TruNorth Capital Management LLC boosted its holdings in S&P Global by 937.5% in the third quarter. TruNorth Capital Management LLC now owns 83 shares of the business services provider’s stock worth $40,000 after acquiring an additional 75 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Up 0.3%

Shares of SPGI opened at $452.52 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. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The stock has a fifty day simple moving average of $483.57 and a two-hundred day simple moving average of $498.40. The company has a market capitalization of $135.21 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 2.00 and a beta of 1.23.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.32 by ($0.02). The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.S&P Global’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities 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%.

Analysts Set New Price Targets

A number of research analysts have issued reports on SPGI shares. Morgan Stanley raised their price target on shares of S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Stifel Nicolaus dropped their target price on S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. UBS Group cut 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 report on Tuesday, February 17th. Royal Bank Of Canada lowered 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 note on Wednesday, February 11th. Finally, Evercore set a $625.00 price target on S&P Global and gave the stock an “outperform” rating in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the company. According to MarketBeat.com, the company currently has an average 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.