Explore Capital Management LLC Makes New Investment in S&P Global Inc. $SPGI

Explore Capital Management LLC bought a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,000 shares of the business services provider’s stock, valued at approximately $10,221,000. S&P Global makes up approximately 6.3% of Explore Capital Management LLC’s holdings, making the stock its 6th largest holding.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after purchasing an additional 143 shares during the last quarter. Sivia Capital Partners LLC raised its position in shares of S&P Global by 7.8% in the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock valued at $547,000 after purchasing an additional 75 shares during the period. Brookstone Capital Management raised its position in shares of S&P Global by 7.5% in the second quarter. Brookstone Capital Management now owns 547 shares of the business services provider’s stock valued at $288,000 after purchasing an additional 38 shares during the period. Catalyst Capital Advisors LLC lifted its stake in shares of S&P Global by 72.1% in the second quarter. Catalyst Capital Advisors LLC now owns 907 shares of the business services provider’s stock worth $478,000 after buying an additional 380 shares during the last quarter. Finally, Sage Mountain Advisors LLC boosted its holdings in shares of S&P Global by 1.6% during the 2nd quarter. Sage Mountain Advisors LLC now owns 1,890 shares of the business services provider’s stock worth $997,000 after buying an additional 30 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.1%

NYSE SPGI opened at $417.28 on Friday. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The stock has a market cap of $124.68 billion, a PE ratio of 28.48, a PEG ratio of 1.85 and a beta of 1.20. The firm has a 50-day simple moving average of $499.41 and a 200 day simple moving average of $506.53. 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 (NYSE:SPGI) last issued its quarterly 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). The firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.89 billion. S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm 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 forecast 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. Stockholders of record on Wednesday, February 25th will be paid a $0.97 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio is presently 26.21%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SPGI. Stifel Nicolaus dropped their target price on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. BMO Capital Markets dropped their price objective on S&P Global from $601.00 to $482.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. JPMorgan Chase & Co. cut their price objective on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Royal Bank Of Canada lowered their target price on S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. Finally, Mizuho dropped their price target on S&P Global from $657.00 to $551.00 and set an “outperform” rating on the stock in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the company. Based on data from MarketBeat.com, S&P Global has an average rating of “Buy” and a consensus 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.