MAI Capital Management Boosts Position in S&P Global Inc. $SPGI

MAI Capital Management boosted its position in S&P Global Inc. (NYSE:SPGI) by 20.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 15,117 shares of the business services provider’s stock after purchasing an additional 2,599 shares during the period. MAI Capital Management’s holdings in S&P Global were worth $7,358,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in SPGI. MTM Investment Management LLC bought a new position in shares of S&P Global in the 2nd quarter worth approximately $27,000. J.Safra Asset Management Corp purchased a new stake in S&P Global during the third quarter valued at approximately $29,000. Spurstone Advisory Services LLC bought a new position in S&P Global in the second quarter worth approximately $34,000. Howard Hughes Medical Institute purchased a new position in shares of S&P Global during the 2nd quarter worth $36,000. Finally, First Pacific Financial grew its position in shares of S&P Global by 51.0% during the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 25 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SPGI has been the subject of several recent research reports. William Blair reissued an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Wells Fargo & Company lowered their price objective on S&P Global from $675.00 to $530.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. UBS Group cut their price objective on S&P Global from $620.00 to $550.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Morgan Stanley raised their target price on shares of S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Finally, The Goldman Sachs Group set a $498.00 price target on shares of S&P Global in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating and seventeen have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global currently has a consensus rating of “Buy” and an average price target of $562.67.

S&P Global Stock Up 3.3%

NYSE SPGI opened at $437.54 on Friday. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $579.05. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock has a market cap of $130.74 billion, a PE ratio of 29.87, a P/E/G ratio of 1.88 and a beta of 1.20. The stock’s 50 day moving average is $492.80 and its 200 day moving average is $503.06.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.02). The company had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. 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. Research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

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

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.