S&P Global Inc. $SPGI Position Lessened by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 84.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,774 shares of the business services provider’s stock after selling 20,282 shares during the quarter. Hudson Bay Capital Management LP’s holdings in S&P Global were worth $1,837,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SPGI. Allworth Financial LP increased its position in S&P Global by 3.6% in the third quarter. Allworth Financial LP now owns 2,561 shares of the business services provider’s stock worth $1,247,000 after buying an additional 89 shares during the period. Swiss Life Asset Management Ltd boosted its holdings in shares of S&P Global by 14.2% during the third quarter. Swiss Life Asset Management Ltd now owns 51,181 shares of the business services provider’s stock valued at $24,910,000 after acquiring an additional 6,369 shares during the period. Innova Wealth Partners boosted its holdings in shares of S&P Global by 17.1% during the third quarter. Innova Wealth Partners now owns 549 shares of the business services provider’s stock valued at $267,000 after acquiring an additional 80 shares during the period. Cambria Investment Management L.P. bought a new position in shares of S&P Global during the third quarter worth about $499,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of S&P Global during the third quarter worth about $47,000. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Robert W. Baird set a $546.00 price target on shares of S&P Global in a research note on Wednesday, February 11th. Stifel Nicolaus decreased their price objective 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. Weiss Ratings downgraded S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 11th. The Goldman Sachs Group set a $498.00 price target on S&P Global in a research note on Wednesday, February 11th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $563.53.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $424.60 on Monday. The stock’s fifty day simple moving average is $463.18 and its 200 day simple moving average is $489.17. The stock has a market capitalization 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 Inc. has a 52-week low of $381.61 and a 52-week high of $579.05.

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 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 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 company earned $3.77 earnings per share. The company’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. As a group, sell-side analysts forecast 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 a boost from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, February 25th. S&P Global’s payout ratio is currently 26.48%.

About S&P Global

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.