Fred Alger Management LLC Increases Stake in S&P Global Inc. $SPGI

Fred Alger Management LLC lifted its stake in S&P Global Inc. (NYSE:SPGI) by 11.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 271,910 shares of the business services provider’s stock after buying an additional 28,762 shares during the quarter. Fred Alger Management LLC owned approximately 0.09% of S&P Global worth $132,341,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MTM Investment Management LLC purchased a new position in S&P Global during the second quarter valued at $27,000. J.Safra Asset Management Corp purchased a new stake in S&P Global in the 3rd quarter worth $29,000. Howard Hughes Medical Institute purchased a new stake in S&P Global in the 2nd quarter worth $36,000. First Pacific Financial boosted its holdings 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 purchasing an additional 25 shares during the last quarter. Finally, Ameriflex Group Inc. boosted its holdings in shares of S&P Global by 171.4% during the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 48 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SPGI shares. Bank of America started coverage on S&P Global in a report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 target price on the stock. Evercore set a $625.00 price target on S&P Global and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Stifel Nicolaus cut their price target on S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Morgan Stanley lifted their price objective on 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 objective on S&P Global in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, S&P Global currently has a consensus rating of “Buy” and an average target price of $562.67.

S&P Global Stock Performance

S&P Global stock opened at $422.42 on Monday. The company’s 50-day moving average price is $474.31 and its 200-day moving average price is $493.30. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The company has a market cap of $126.22 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results 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). The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.77 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. 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. S&P Global’s dividend payout ratio is 26.48%.

About S&P Global

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.