SteelPeak Wealth LLC Raises Stock Holdings in S&P Global Inc. $SPGI

SteelPeak Wealth LLC boosted its position in S&P Global Inc. (NYSE:SPGI) by 32.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,074 shares of the business services provider’s stock after purchasing an additional 1,990 shares during the quarter. SteelPeak Wealth LLC’s holdings in S&P Global were worth $4,219,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hamilton Capital LLC raised its position in S&P Global by 4.5% in the 2nd quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock worth $220,000 after purchasing an additional 18 shares during the period. Sand Hill Global Advisors LLC boosted its position in shares of S&P Global by 3.1% during the second quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock valued at $333,000 after buying an additional 19 shares during the period. LeConte Wealth Management LLC boosted its position in shares of S&P Global by 4.1% during the fourth quarter. LeConte Wealth Management LLC now owns 511 shares of the business services provider’s stock valued at $267,000 after buying an additional 20 shares during the period. Chemistry Wealth Management LLC grew its stake in shares of S&P Global by 0.4% during the third quarter. Chemistry Wealth Management LLC now owns 4,895 shares of the business services provider’s stock valued at $2,382,000 after buying an additional 21 shares during the last quarter. Finally, Forbes J M & Co. LLP raised its holdings in shares of S&P Global by 3.5% in the third quarter. Forbes J M & Co. LLP now owns 627 shares of the business services provider’s stock worth $305,000 after buying an additional 21 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.0%

SPGI opened at $431.09 on Friday. 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 firm has a market cap of $130.82 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 1.91 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 stock has a fifty day moving average price of $439.26 and a 200-day moving average price of $481.30.

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 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 the consensus estimate of $3.89 billion. During the same period in the previous year, the business earned $3.77 EPS. S&P Global’s revenue for the quarter 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. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company 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. The ex-dividend date was Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a dividend 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 (DPR) is 26.48%.

Analyst Ratings Changes

A number of analysts have weighed in on SPGI shares. Royal Bank Of Canada reduced their target price on S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. BMO Capital Markets lifted their price target on shares of S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Evercore set a $625.00 price target on S&P Global and gave the company an “outperform” rating in a report on Wednesday, February 11th. Stifel Nicolaus dropped their price objective on 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. Finally, UBS Group reduced their price objective on S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.