S&P Global Inc. $SPGI Shares Acquired by PineStone Asset Management Inc.

PineStone Asset Management Inc. increased its stake in S&P Global Inc. (NYSE:SPGI) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 617,388 shares of the business services provider’s stock after acquiring an additional 14,520 shares during the quarter. S&P Global accounts for 2.0% of PineStone Asset Management Inc.’s portfolio, making the stock its 18th largest position. PineStone Asset Management Inc.’s holdings in S&P Global were worth $322,649,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. J.Safra Asset Management Corp acquired a new position in S&P Global during the third quarter worth about $29,000. Howard Hughes Medical Institute purchased a new position in S&P Global in the second quarter valued at about $36,000. First Pacific Financial lifted 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. Palisade Asset Management LLC acquired a new stake in shares of S&P Global during the 3rd quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. boosted its stake 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 worth $37,000 after acquiring an additional 48 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 1.9%

SPGI stock opened at $425.39 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. The company’s 50 day simple moving average is $445.57 and its 200-day simple moving average is $482.83. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $579.05. The firm has a market capitalization of $127.11 billion, a PE ratio of 29.04, a P/E/G ratio of 1.85 and a beta of 1.23.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.32 by ($0.02). S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the firm earned $3.77 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Evercore set a $625.00 price target on S&P Global and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Robert W. Baird set a $546.00 target price on S&P Global in a research report on Wednesday, February 11th. Wells Fargo & Company lowered their target price on S&P Global from $675.00 to $530.00 and set an “overweight” rating on the stock 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 for the company in a research report on Thursday, February 12th. Finally, Weiss Ratings cut S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $563.53.

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.