Banco Santander S.A. Acquires 8,332 Shares of S&P Global Inc. $SPGI

Banco Santander S.A. increased its holdings in S&P Global Inc. (NYSE:SPGI) by 31.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,068 shares of the business services provider’s stock after acquiring an additional 8,332 shares during the quarter. Banco Santander S.A.’s holdings in S&P Global were worth $17,068,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of S&P Global by 0.5% during the third quarter. Vanguard Group Inc. now owns 30,256,638 shares of the business services provider’s stock valued at $14,726,208,000 after buying an additional 161,719 shares during the period. TCI Fund Management Ltd. boosted its position in S&P Global by 7.0% during the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock valued at $5,848,502,000 after acquiring an additional 730,354 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of S&P Global by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock worth $3,565,889,000 after acquiring an additional 42,724 shares during the period. Norges Bank bought a new position in shares of S&P Global in the 2nd quarter worth approximately $2,188,945,000. Finally, Legal & General Group Plc lifted its stake in shares of S&P Global by 1.3% in the 2nd quarter. Legal & General Group Plc now owns 2,135,004 shares of the business services provider’s stock valued at $1,125,766,000 after purchasing an additional 26,945 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Up 3.3%

Shares of NYSE SPGI opened at $437.54 on Friday. The company has a market cap of $130.74 billion, a PE ratio of 29.87, a P/E/G ratio of 1.88 and a beta of 1.20. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82. The firm’s 50 day moving average price is $492.80 and its 200-day moving average price is $503.06. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05.

S&P Global (NYSE:SPGI) last released 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 net margin of 29.16% and a return on equity of 16.56%. The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the company posted $3.77 earnings per share. The business’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, equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. William Blair reiterated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Barclays reissued an “overweight” rating and set a $565.00 price target on shares of S&P Global in a research report on Monday. Morgan Stanley upped 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. Finally, Wells Fargo & Company decreased their target price on shares of S&P Global from $675.00 to $530.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the stock. According to MarketBeat, S&P Global currently has an average rating of “Buy” and an average target price of $562.67.

S&P Global 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.