Xponance Inc. Sells 1,158 Shares of S&P Global Inc. $SPGI

Xponance Inc. lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,117 shares of the business services provider’s stock after selling 1,158 shares during the period. Xponance Inc.’s holdings in S&P Global were worth $24,879,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SPGI. Norges Bank bought a new stake in shares of S&P Global in the 2nd quarter valued at $2,188,945,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in 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 purchasing an additional 1,510,540 shares during the period. TCI Fund Management Ltd. increased its stake in S&P Global by 7.0% in the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock valued at $5,848,502,000 after purchasing an additional 730,354 shares in 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 valued at $289,900,000 after purchasing an additional 595,059 shares during the period. Finally, ABN AMRO Bank N.V. acquired a new stake in shares of S&P Global in the 2nd quarter valued at about $310,348,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

SPGI opened at $437.54 on Friday. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $130.74 billion, a price-to-earnings ratio of 29.87, a P/E/G ratio of 1.88 and a beta of 1.20. The firm’s fifty day moving average price is $492.80 and its two-hundred day moving average price is $503.06.

S&P Global (NYSE:SPGI) last released 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). S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the business earned $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, 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be issued a $0.97 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, February 25th. S&P Global’s dividend payout ratio is currently 26.48%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Stifel Nicolaus lowered 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. William Blair reiterated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Morgan Stanley boosted 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 note on Tuesday, January 13th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and seventeen have issued a Buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $562.67.

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.