Cercano Management LLC Sells 43,313 Shares of S&P Global Inc. $SPGI

Cercano Management LLC reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 45.4% during the third quarter, Holdings Channel reports. The firm owned 52,035 shares of the business services provider’s stock after selling 43,313 shares during the period. S&P Global makes up 1.0% of Cercano Management LLC’s holdings, making the stock its 21st largest holding. Cercano Management LLC’s holdings in S&P Global were worth $25,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. MTM Investment Management LLC bought a new position in shares of S&P Global during the 2nd quarter worth approximately $27,000. J.Safra Asset Management Corp bought a new stake in S&P Global during the third quarter worth $29,000. Spurstone Advisory Services LLC purchased a new position in S&P Global in the second quarter worth $34,000. Howard Hughes Medical Institute purchased a new position in S&P Global in the second quarter worth $36,000. Finally, First Pacific Financial grew its stake in 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. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SPGI shares. Evercore set a $625.00 target price on S&P Global and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Morgan Stanley raised their price objective on shares of S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Robert W. Baird set a $546.00 price objective on shares of S&P Global in a research report on Wednesday, February 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. Finally, Royal Bank Of Canada decreased their price target on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $566.33.

S&P Global Stock Up 0.1%

SPGI opened at $410.06 on Wednesday. The company has a 50 day moving average of $504.13 and a 200 day moving average of $509.20. The company has a market cap of $122.53 billion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. 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.

S&P Global (NYSE:SPGI) last issued its earnings results 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). 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 for the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the firm earned $3.77 EPS. The company’s 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, sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business 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. The ex-dividend date is Wednesday, February 25th. This represents a $3.88 annualized dividend 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 dividend payout ratio is 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.