S&P Global Inc. $SPGI Shares Bought by Hudson Way Capital Management LLC

Hudson Way Capital Management LLC increased its position in S&P Global Inc. (NYSE:SPGI) by 20.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,200 shares of the business services provider’s stock after acquiring an additional 21,030 shares during the period. S&P Global makes up about 5.2% of Hudson Way Capital Management LLC’s investment portfolio, making the stock its 8th biggest position. Hudson Way Capital Management LLC’s holdings in S&P Global were worth $60,936,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Gotham Asset Management LLC boosted its position in shares of S&P Global by 15.4% in the 3rd quarter. Gotham Asset Management LLC now owns 26,234 shares of the business services provider’s stock worth $12,768,000 after buying an additional 3,509 shares in the last quarter. Fayez Sarofim & Co increased its holdings in S&P Global by 0.5% during the 3rd quarter. Fayez Sarofim & Co now owns 1,501,485 shares of the business services provider’s stock valued at $735,331,000 after acquiring an additional 6,857 shares in the last quarter. Fred Alger Management LLC raised its position in S&P Global by 11.8% during the third quarter. Fred Alger Management LLC now owns 271,910 shares of the business services provider’s stock worth $132,341,000 after acquiring an additional 28,762 shares during the last quarter. Element Capital Management LLC acquired a new position in S&P Global during the third quarter worth about $495,000. Finally, BlueSpruce Investments LP lifted its holdings in shares of S&P Global by 12.1% in the third quarter. BlueSpruce Investments LP now owns 634,680 shares of the business services provider’s stock valued at $308,905,000 after purchasing an additional 68,631 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Up 0.6%

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

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). S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The business had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the prior year, the company earned $3.77 EPS. The company’s revenue for the quarter 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. As a group, sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 0.9%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date was Wednesday, February 25th. S&P Global’s dividend payout ratio (DPR) is currently 26.48%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. BMO Capital Markets cut their price objective on S&P Global from $601.00 to $482.00 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. Evercore set a $625.00 target price on S&P Global and gave the company an “outperform” rating in a report on Wednesday, February 11th. Wells Fargo & Company cut their price target on S&P Global from $675.00 to $530.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Barclays restated an “overweight” rating and issued a $565.00 price objective on shares of S&P Global in a research report on Monday, February 23rd. Finally, Royal Bank Of Canada decreased their price objective on S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price 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.