APG Asset Management N.V. Lowers Stake in S&P Global Inc. $SPGI

APG Asset Management N.V. lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 15.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 216,513 shares of the business services provider’s stock after selling 40,147 shares during the quarter. APG Asset Management N.V.’s holdings in S&P Global were worth $105,379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SPGI. Jones Financial Companies Lllp raised its stake in shares of S&P Global by 17.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 66,809 shares of the business services provider’s stock worth $32,541,000 after acquiring an additional 10,044 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in S&P Global by 4.1% in the second quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock worth $11,314,000 after purchasing an additional 850 shares during the last quarter. Prime Capital Investment Advisors LLC grew its holdings in S&P Global by 324.8% in the third quarter. Prime Capital Investment Advisors LLC now owns 28,094 shares of the business services provider’s stock worth $13,673,000 after purchasing an additional 21,481 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of S&P Global by 3.3% during the third quarter. Envestnet Asset Management Inc. now owns 938,251 shares of the business services provider’s stock worth $456,656,000 after purchasing an additional 30,080 shares in the last quarter. Finally, Collier Financial purchased a new stake in shares of S&P Global during the 3rd quarter valued at $2,865,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Trading Up 0.9%

Shares of NYSE:SPGI opened at $441.48 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The stock has a market cap of $131.91 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 1.96 and a beta of 1.20. The business has a 50-day moving average price of $491.39 and a 200-day moving average price of $501.86.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share 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 business had revenue of $3.92 billion during 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 predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. UBS Group lowered their price objective on S&P Global from $620.00 to $550.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. 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. Mizuho dropped their price target on S&P Global from $657.00 to $551.00 and set an “outperform” rating on the stock in a research note on Thursday, February 12th. Wells Fargo & Company decreased their price objective on shares of S&P Global from $675.00 to $530.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. Finally, Barclays reiterated an “overweight” rating and issued a $565.00 target price on shares of S&P Global in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the stock. Based on data from MarketBeat, S&P Global presently has a consensus rating of “Buy” and an average price target 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.