Explore Capital Management LLC Takes Position in S&P Global Inc. $SPGI

Explore Capital Management LLC purchased a new stake in S&P Global Inc. (NYSE:SPGI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 21,000 shares of the business services provider’s stock, valued at approximately $10,221,000. S&P Global accounts for approximately 6.3% of Explore Capital Management LLC’s investment portfolio, making the stock its 6th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lansforsakringar Fondforvaltning AB publ boosted its holdings in shares of S&P Global by 1.2% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 98,277 shares of the business services provider’s stock worth $47,832,000 after buying an additional 1,156 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in shares of S&P Global during the third quarter valued at approximately $730,000. Personal CFO Solutions LLC lifted its position in shares of S&P Global by 5.3% in the 3rd quarter. Personal CFO Solutions LLC now owns 755 shares of the business services provider’s stock valued at $368,000 after acquiring an additional 38 shares in the last quarter. Stevens Capital Management LP acquired a new position in S&P Global in the 3rd quarter worth approximately $3,919,000. Finally, Isthmus Partners LLC boosted its stake in S&P Global by 6.9% in the 3rd quarter. Isthmus Partners LLC now owns 622 shares of the business services provider’s stock worth $303,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SPGI. BMO Capital Markets reduced their target price on S&P Global from $601.00 to $482.00 and set an “outperform” rating for the company in a report on Wednesday, February 11th. Mizuho dropped their price target on S&P Global from $657.00 to $551.00 and set an “outperform” rating on the stock in a research report on Thursday, February 12th. Wells Fargo & Company decreased their price objective on 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. The Goldman Sachs Group set a $498.00 target price on S&P Global in a research note on Wednesday, February 11th. Finally, Morgan Stanley upped their target price on S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating and seventeen have issued a Buy rating to the company. According to MarketBeat.com, S&P Global has a consensus rating of “Buy” and an average target price of $566.33.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $417.28 on Friday. 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 Inc. has a one year low of $381.61 and a one year high of $579.05. The business’s 50-day moving average price is $499.41 and its two-hundred day moving average price is $506.53. The company has a market capitalization of $124.68 billion, a P/E ratio of 28.48, a price-to-earnings-growth ratio of 1.85 and a beta of 1.20.

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). The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the business earned $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date is Wednesday, February 25th. S&P Global’s dividend payout ratio is presently 26.21%.

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.