Vinva Investment Management Ltd Raises Stock Holdings in S&P Global Inc. $SPGI

Vinva Investment Management Ltd lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 21.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,382 shares of the business services provider’s stock after acquiring an additional 4,659 shares during the period. Vinva Investment Management Ltd’s holdings in S&P Global were worth $12,963,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. Vanguard Group Inc. boosted its position in S&P Global by 0.5% during the third quarter. Vanguard Group Inc. now owns 30,256,638 shares of the business services provider’s stock worth $14,726,208,000 after acquiring an additional 161,719 shares during the last quarter. TCI Fund Management Ltd. raised its holdings in S&P Global by 7.0% in the 2nd 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 acquiring an additional 730,354 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of S&P Global by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock worth $3,565,889,000 after purchasing an additional 42,724 shares during the period. Norges Bank purchased a new position in shares of S&P Global during the 2nd quarter worth $2,188,945,000. Finally, Legal & General Group Plc boosted its holdings in shares of S&P Global by 1.3% during the second quarter. Legal & General Group Plc now owns 2,135,004 shares of the business services provider’s stock worth $1,125,766,000 after purchasing an additional 26,945 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Stifel Nicolaus lowered their price objective on S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Morgan Stanley increased their target price on S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. The Goldman Sachs Group set a $498.00 price target on S&P Global in a research note 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. Finally, Evercore set a $625.00 price objective on shares of S&P Global and gave the company an “outperform” rating in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $562.67.

S&P Global Trading Up 0.3%

SPGI stock opened at $452.52 on Friday. The company has a market cap of $135.21 billion, a price-to-earnings ratio of 30.89, a PEG ratio of 2.00 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. The business has a fifty day simple moving average of $483.57 and a 200-day simple moving average of $498.01. 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 issued its 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 during the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the previous year, the business posted $3.77 EPS. S&P Global’s revenue was up 9.0% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. This is an increase from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio is presently 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.