S&P Global Inc. $SPGI Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its stake in S&P Global Inc. (NYSE:SPGI) by 19.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,698 shares of the business services provider’s stock after selling 2,984 shares during the period. Park Avenue Securities LLC’s holdings in S&P Global were worth $6,636,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GoalVest Advisory LLC increased its holdings in shares of S&P Global by 17.0% during the 4th quarter. GoalVest Advisory LLC now owns 262 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 38 shares in the last quarter. CGN Advisors LLC purchased a new stake in S&P Global during the fourth quarter worth $216,000. Trust Co of the South purchased a new stake in S&P Global during the fourth quarter worth $264,000. Finivi Inc. grew its position in S&P Global by 2.1% during the third quarter. Finivi Inc. now owns 2,230 shares of the business services provider’s stock valued at $1,085,000 after buying an additional 45 shares during the period. Finally, AIA Group Ltd grew its position in S&P Global by 33.9% during the third quarter. AIA Group Ltd now owns 13,455 shares of the business services provider’s stock valued at $6,549,000 after buying an additional 3,403 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SPGI shares. Mizuho decreased their price objective on shares of 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. Stifel Nicolaus dropped their target price on S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Bank of America began coverage on S&P Global in a report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 price target for the company. UBS Group lowered their price target on S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Finally, Weiss Ratings lowered S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. One research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $563.53.

S&P Global Stock Performance

SPGI opened at $424.60 on Friday. The firm’s fifty day simple moving average is $463.18 and its two-hundred day simple moving average is $489.51. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The company has a market cap of $126.87 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 1.88 and a beta of 1.23. 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 (NYSE:SPGI) last released 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). 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 analysts’ expectations of $3.89 billion. During the same period in the prior year, the firm earned $3.77 EPS. The firm’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 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 disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.97 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date was Wednesday, February 25th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is presently 26.48%.

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.