Banco Santander S.A. Increases Holdings in S&P Global Inc. $SPGI

Banco Santander S.A. grew its position in shares of S&P Global Inc. (NYSE:SPGI) by 31.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,068 shares of the business services provider’s stock after buying 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 and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. MTM Investment Management LLC bought a new position in S&P Global in the second quarter valued at about $27,000. J.Safra Asset Management Corp purchased a new stake in shares of S&P Global during the 3rd quarter valued at about $29,000. Spurstone Advisory Services LLC bought a new position in shares of S&P Global in the 2nd quarter worth approximately $34,000. Howard Hughes Medical Institute purchased a new position in shares of S&P Global in the second quarter worth approximately $36,000. Finally, First Pacific Financial boosted its holdings in shares of S&P Global by 51.0% in the third quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock worth $36,000 after buying an additional 25 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SPGI. The Goldman Sachs Group set a $498.00 target price on shares of S&P Global in a report on Wednesday, February 11th. UBS Group reduced their price objective on S&P Global from $620.00 to $550.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 29th. Barclays restated an “overweight” rating and issued a $565.00 price target on shares of S&P Global in a research report on Monday. Finally, BMO Capital Markets lowered their price objective on S&P Global from $601.00 to $482.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global currently has a consensus rating of “Buy” and an average target price of $562.67.

S&P Global Stock Performance

NYSE SPGI opened at $437.54 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 twelve month low of $381.61 and a twelve month high of $579.05. The business has a 50-day moving average price of $492.80 and a 200-day moving average price of $503.06. The firm has a market cap of $130.74 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 1.88 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its quarterly 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 business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the prior year, the firm posted $3.77 earnings per share. 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. As a group, equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be issued a $0.97 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis 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 payout ratio 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.