Russell Investments Group Ltd. Sells 100,932 Shares of S&P Global Inc. $SPGI

Russell Investments Group Ltd. cut its position in shares of S&P Global Inc. (NYSE:SPGI) by 20.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 392,844 shares of the business services provider’s stock after selling 100,932 shares during the quarter. Russell Investments Group Ltd. owned about 0.13% of S&P Global worth $191,374,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SPGI. MTM Investment Management LLC acquired a new stake in S&P Global during the 2nd quarter worth about $27,000. J.Safra Asset Management Corp bought a new position in shares of S&P Global in the 3rd quarter worth about $29,000. Howard Hughes Medical Institute acquired a new position in shares of S&P Global in the 2nd quarter valued at about $36,000. First Pacific Financial lifted its stake in shares of S&P Global by 51.0% in the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 25 shares during the period. Finally, Ameriflex Group Inc. boosted its position in shares of S&P Global by 171.4% during the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 48 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI opened at $452.52 on Monday. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05. The company has a market cap of $135.21 billion, a PE ratio of 30.89, a P/E/G ratio of 2.00 and a beta of 1.23. The stock has a 50-day moving average of $483.57 and a 200-day moving average of $497.59. 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 (NYSE:SPGI) last posted its quarterly 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 return on equity of 16.56% and a net margin of 29.16%.The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the company posted $3.77 earnings per share. The firm’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. On average, equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend 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 payout ratio is currently 26.48%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. William Blair reissued an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. 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 target on the stock. Wells Fargo & Company reduced their price objective on shares of 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. Finally, Robert W. Baird set a $546.00 price objective on shares of S&P Global in a research note 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $562.67.

S&P Global 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.