Intech Investment Management LLC Acquires 8,652 Shares of S&P Global Inc. $SPGI

Intech Investment Management LLC raised its holdings in S&P Global Inc. (NYSE:SPGI) by 73.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,419 shares of the business services provider’s stock after buying an additional 8,652 shares during the period. Intech Investment Management LLC’s holdings in S&P Global were worth $9,938,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. MTM Investment Management LLC bought a new stake in S&P Global in the 2nd quarter valued at $27,000. J.Safra Asset Management Corp bought a new position in S&P Global during the third quarter worth $29,000. Spurstone Advisory Services LLC acquired a new position in shares of S&P Global in the second quarter valued at $34,000. Howard Hughes Medical Institute bought a new position in shares of S&P Global in the second quarter valued at about $36,000. Finally, First Pacific Financial lifted its stake in shares of S&P Global by 51.0% during the 3rd 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. 87.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SPGI. The Goldman Sachs Group set a $498.00 price objective on S&P Global in a report on Wednesday, February 11th. Bank of America initiated coverage on shares of S&P Global in a research report on Tuesday, February 17th. They set a “buy” rating and a $575.00 price target on the stock. Wells Fargo & Company cut 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 report on Wednesday, February 11th. Robert W. Baird set a $546.00 target price on shares of S&P Global in a research report on Wednesday, February 11th. Finally, Morgan Stanley lifted their price target on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $562.67.

S&P Global Trading Up 3.3%

Shares of S&P Global stock 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 12-month low of $381.61 and a 12-month high of $579.05. The company has a market capitalization of $130.74 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 1.88 and a beta of 1.20. The firm’s 50-day moving average price is $492.80 and its two-hundred day moving average price is $503.06.

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 analysts’ consensus estimates of $4.32 by ($0.02). The firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The business’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the company posted $3.77 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, 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 firm also recently announced 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 of this dividend is Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio (DPR) is 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.