Assetmark Inc. Sells 1,390 Shares of S&P Global Inc. $SPGI

Assetmark Inc. lowered its stake in S&P Global Inc. (NYSE:SPGI) by 12.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,751 shares of the business services provider’s stock after selling 1,390 shares during the quarter. Assetmark Inc.’s holdings in S&P Global were worth $4,746,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SPGI. Vanguard Group Inc. lifted its position in shares of S&P Global by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after purchasing an additional 315,916 shares during the period. TCI Fund Management Ltd. raised 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 worth $5,848,502,000 after buying an additional 730,354 shares in the last quarter. Geode Capital Management LLC boosted its position in 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 valued at $3,565,889,000 after acquiring an additional 42,724 shares in the last quarter. Norges Bank purchased a new position in shares of S&P Global during the 2nd quarter worth approximately $2,188,945,000. Finally, Legal & General Group Plc grew its stake in S&P Global by 1.3% in 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 period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $410.06 on Wednesday. The firm has a market cap of $122.53 billion, a price-to-earnings ratio of 27.99, a P/E/G ratio of 1.93 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. 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 firm has a fifty day moving average price of $504.13 and a 200 day moving average price of $509.20.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the firm posted $3.77 earnings per share. 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 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.97 per share. 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 is Wednesday, February 25th. S&P Global’s dividend payout ratio (DPR) is 26.48%.

Analyst Ratings Changes

SPGI has been the subject of several recent analyst reports. Evercore set a $625.00 price target on S&P Global and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. William Blair reissued an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Royal Bank Of Canada lowered their target price on shares of 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. UBS Group reduced their price target on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Robert W. Baird set a $546.00 price objective on shares of S&P Global in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating and seventeen have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $566.33.

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.