Richard Bernstein Advisors LLC Has $3.55 Million Position in S&P Global Inc. $SPGI

Richard Bernstein Advisors LLC lowered its stake in S&P Global Inc. (NYSE:SPGI) by 54.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,298 shares of the business services provider’s stock after selling 8,587 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in S&P Global were worth $3,552,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Norges Bank purchased a new position in S&P Global during the 2nd quarter valued at about $2,188,945,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position 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 valued at $819,699,000 after purchasing an additional 1,510,540 shares during the period. TCI Fund Management Ltd. grew its position in shares of S&P Global by 7.0% during the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after acquiring an additional 730,354 shares during the last quarter. Mizuho Markets Americas LLC raised its holdings in shares of S&P Global by 104,031.3% in the third quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock worth $289,900,000 after acquiring an additional 595,059 shares during the last quarter. Finally, ABN AMRO Bank N.V. purchased a new position in S&P Global in the 2nd quarter valued at about $310,348,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SPGI. Barclays restated an “overweight” rating and issued a $565.00 price objective on shares of S&P Global in a research note on Monday, February 23rd. UBS Group dropped their price target 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. Robert W. Baird set a $546.00 price target on shares of S&P Global in a research note on Wednesday, February 11th. The Goldman Sachs Group set a $498.00 price target on S&P Global in a research report on Wednesday, February 11th. Finally, Bank of America assumed coverage on S&P Global in a research report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating and seventeen have issued a Buy rating to the company’s stock. According to data from MarketBeat, S&P Global presently has an average rating of “Buy” and an average target price of $562.67.

S&P Global Stock Down 1.5%

Shares of SPGI stock opened at $445.69 on Tuesday. The firm’s 50-day moving average is $481.89 and its 200-day moving average is $496.84. The stock has a market cap of $133.17 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 2.00 and a beta of 1.23. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82. 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 earnings per share for the quarter, missing the consensus estimate of $4.32 by ($0.02). The business had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company 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 is Wednesday, February 25th. This is a positive change 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%. S&P Global’s dividend payout ratio is 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.