Prudential PLC Cuts Position in S&P Global Inc. $SPGI

Prudential PLC reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 9.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,450 shares of the business services provider’s stock after selling 4,257 shares during the period. Prudential PLC’s holdings in S&P Global were worth $20,174,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Summitry LLC boosted its holdings in S&P Global by 2.1% during 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 during the period. Hamilton Capital LLC increased its stake in S&P Global by 4.5% during the second 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 stake in S&P Global by 3.1% during the second 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 during the period. Chemistry Wealth Management LLC lifted its position in shares of S&P Global by 0.4% during the third quarter. Chemistry Wealth Management LLC now owns 4,895 shares of the business services provider’s stock worth $2,382,000 after purchasing an additional 21 shares in the last quarter. Finally, Forbes J M & Co. LLP lifted its position in shares of S&P Global by 3.5% during the third quarter. Forbes J M & Co. LLP now owns 627 shares of the business services provider’s stock worth $305,000 after purchasing an additional 21 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SPGI. Bank of America initiated coverage on shares of S&P Global in a report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 price objective for the company. Mizuho reduced their target price on shares of S&P Global from $657.00 to $551.00 and set an “outperform” rating on the stock in a report on Thursday, February 12th. Morgan Stanley raised their price target on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. William Blair restated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Finally, The Goldman Sachs Group set a $498.00 price objective on S&P Global in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $562.67.

S&P Global Stock Up 0.6%

Shares of NYSE:SPGI opened at $422.42 on Friday. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $126.22 billion, a P/E ratio of 28.83, a P/E/G ratio of 1.86 and a beta of 1.23. The firm has a fifty day moving average price of $474.31 and a 200 day moving average price of $494.10.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 EPS 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 analyst estimates of $3.89 billion. During the same quarter in the prior year, the firm 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. Sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were issued a $0.97 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s payout ratio is presently 26.48%.

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.