Fred Alger Management LLC Buys 28,762 Shares of S&P Global Inc. $SPGI

Fred Alger Management LLC boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 11.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 271,910 shares of the business services provider’s stock after buying an additional 28,762 shares during the quarter. Fred Alger Management LLC’s holdings in S&P Global were worth $132,341,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of SPGI. MTM Investment Management LLC bought a new stake in shares of S&P Global in the 2nd quarter worth about $27,000. J.Safra Asset Management Corp purchased a new position in shares of S&P Global during the 3rd quarter worth about $29,000. Howard Hughes Medical Institute bought a new position in S&P Global during the 2nd quarter valued at about $36,000. First Pacific Financial grew its holdings in S&P Global by 51.0% during the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 25 shares during the last quarter. Finally, Ameriflex Group Inc. raised its position in S&P Global by 171.4% in the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock worth $37,000 after purchasing an additional 48 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.6%

Shares of SPGI opened at $422.42 on Monday. The firm has a market capitalization of $126.22 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 1.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05. The company has a 50-day moving average of $474.31 and a 200 day moving average of $493.30.

S&P Global (NYSE:SPGI) last issued its 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). The company had revenue of $3.92 billion during 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%.S&P Global’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, 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 was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 0.9%. This is an increase from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Wednesday, February 25th. S&P Global’s payout ratio is currently 26.48%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SPGI shares. Morgan Stanley raised their price objective on shares of S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. UBS Group cut their target price on S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Bank of America started coverage on S&P Global in a report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 price target on the stock. Royal Bank Of Canada decreased their price target on S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. Finally, Mizuho dropped their price objective on S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $562.67.

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.