PFG Advisors Lowers Holdings in S&P Global Inc. $SPGI

PFG Advisors reduced its position in S&P Global Inc. (NYSE:SPGI) by 20.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 9,083 shares of the business services provider’s stock after selling 2,406 shares during the quarter. PFG Advisors’ holdings in S&P Global were worth $4,421,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after purchasing an additional 143 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of S&P Global by 7.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock valued at $547,000 after buying an additional 75 shares during the period. Savant Capital LLC boosted its stake in shares of S&P Global by 5.2% in the second quarter. Savant Capital LLC now owns 6,272 shares of the business services provider’s stock valued at $3,307,000 after buying an additional 308 shares in the last quarter. Wedbush Securities Inc. grew its holdings in S&P Global by 12.9% during the second quarter. Wedbush Securities Inc. now owns 2,427 shares of the business services provider’s stock worth $1,280,000 after acquiring an additional 277 shares during the period. Finally, Penserra Capital Management LLC raised its position in S&P Global by 17.1% in the second quarter. Penserra Capital Management LLC now owns 3,800 shares of the business services provider’s stock worth $2,003,000 after acquiring an additional 555 shares in the last quarter. 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 weighed in on SPGI. Stifel Nicolaus lowered their price target on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. The Goldman Sachs Group set a $498.00 target price on shares of S&P Global in a research report on Wednesday, February 11th. Evercore set a $625.00 price target on shares of S&P Global and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Bank of America assumed coverage on S&P Global in a report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 price target on the stock. Finally, William Blair reaffirmed an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. One investment 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, the company has a consensus rating of “Buy” and an average target price of $562.67.

S&P Global Trading Down 1.5%

Shares of SPGI opened at $445.69 on Tuesday. 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 1-year low of $381.61 and a 1-year high of $579.05. The stock has a market cap of $133.17 billion, a price-to-earnings ratio of 30.42, a price-to-earnings-growth ratio of 2.00 and a beta of 1.23. The firm has a 50 day simple moving average of $481.89 and a 200-day simple moving average of $496.84.

S&P Global (NYSE:SPGI) last announced its 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). S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter last year, the company posted $3.77 EPS. S&P Global’s quarterly 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. Equities 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 will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be given a dividend of $0.97 per share. 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 a boost from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio (DPR) 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.