Alecta Tjanstepension Omsesidigt Reduces Stock Position in S&P Global Inc. $SPGI

Alecta Tjanstepension Omsesidigt cut its position in S&P Global Inc. (NYSE:SPGI) by 11.7% during the third quarter, Holdings Channel reports. The firm owned 508,000 shares of the business services provider’s stock after selling 67,000 shares during the period. Alecta Tjanstepension Omsesidigt’s holdings in S&P Global were worth $247,137,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of SPGI. Norges Bank acquired a new stake in S&P Global during the 2nd quarter valued at approximately $2,188,945,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of S&P Global by 3,430.6% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock worth $819,699,000 after acquiring an additional 1,510,540 shares during the period. TCI Fund Management Ltd. raised its holdings in shares of S&P Global by 7.0% during the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after purchasing an additional 730,354 shares during the last quarter. Mizuho Markets Americas LLC raised its holdings in shares of S&P Global by 104,031.3% during the third quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock worth $289,900,000 after purchasing an additional 595,059 shares during the last quarter. Finally, ABN AMRO Bank N.V. acquired a new position in S&P Global during the second quarter valued at $310,348,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SPGI has been the topic of several recent research reports. UBS Group lowered their price target on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Barclays reissued an “overweight” rating and issued a $565.00 price objective on shares of S&P Global in a report on Monday, February 23rd. Mizuho lowered their target price 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. Royal Bank Of Canada reduced their price target on S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. Finally, Stifel Nicolaus decreased their price target on S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, S&P Global presently has an average rating of “Buy” and a consensus price target of $563.53.

S&P Global Trading Down 1.5%

SPGI stock opened at $426.27 on Thursday. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The business’s 50-day moving average is $467.84 and its 200 day moving average is $491.18. 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 stock has a market cap of $127.37 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 1.92 and a beta of 1.23.

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). The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. S&P Global had a net margin of 29.16% and a return on equity of 16.56%. S&P Global’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $3.77 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were paid a $0.97 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $3.88 annualized dividend and a 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 is currently 26.48%.

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.