Riverbridge Partners LLC Reduces Stock Holdings in S&P Global Inc. $SPGI

Riverbridge Partners LLC lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 4.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 154,991 shares of the business services provider’s stock after selling 6,479 shares during the quarter. S&P Global makes up approximately 1.5% of Riverbridge Partners LLC’s holdings, making the stock its 20th biggest position. Riverbridge Partners LLC owned about 0.05% of S&P Global worth $80,997,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. J.Safra Asset Management Corp purchased a new position in shares of S&P Global in the third quarter worth approximately $29,000. Howard Hughes Medical Institute purchased a new stake in S&P Global during the second quarter valued at approximately $36,000. First Pacific Financial increased its holdings in S&P Global by 51.0% during the third quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after buying an additional 25 shares during the last quarter. Palisade Asset Management LLC bought a new position in S&P Global in the third quarter worth approximately $36,000. Finally, Ameriflex Group Inc. raised its position in S&P Global by 171.4% in the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock worth $37,000 after acquiring an additional 48 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

SPGI opened at $411.83 on Friday. The company has a 50 day simple moving average of $452.82 and a two-hundred day simple moving average of $486.41. 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 firm has a market cap of $123.05 billion, a P/E ratio of 28.11, a PEG ratio of 1.81 and a beta of 1.23. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05.

S&P Global (NYSE:SPGI) last announced 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 firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the business earned $3.77 earnings per share. The firm’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. Equities analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.97 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, February 25th. S&P Global’s payout ratio is 26.48%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SPGI shares. Evercore set a $625.00 price objective on shares of S&P Global and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Robert W. Baird set a $546.00 target price on S&P Global in a report on Wednesday, February 11th. Barclays reiterated an “overweight” rating and set a $565.00 target price on shares of S&P Global in a research report on Monday, February 23rd. Wells Fargo & Company cut their price target on S&P Global from $675.00 to $530.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Finally, Morgan Stanley upped their price target on S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $563.53.

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.