Danske Bank A S Purchases Shares of 207,313 S&P Global Inc. $SPGI

Danske Bank A S purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 207,313 shares of the business services provider’s stock, valued at approximately $100,901,000.

A number of other hedge funds also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of S&P Global in the third quarter worth $132,000. Silvant Capital Management LLC grew its position in shares of S&P Global by 4.0% in the 3rd quarter. Silvant Capital Management LLC now owns 18,140 shares of the business services provider’s stock valued at $8,829,000 after buying an additional 699 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of S&P Global by 1.3% in the third quarter. Advisory Services Network LLC now owns 11,423 shares of the business services provider’s stock valued at $5,560,000 after buying an additional 144 shares during the period. San Luis Wealth Advisors LLC increased its stake in shares of S&P Global by 8.3% in the third quarter. San Luis Wealth Advisors LLC now owns 470 shares of the business services provider’s stock valued at $229,000 after buying an additional 36 shares during the period. Finally, Fulcrum Asset Management LLP raised its position in shares of S&P Global by 1.7% during the third quarter. Fulcrum Asset Management LLP now owns 2,550 shares of the business services provider’s stock worth $1,241,000 after acquiring an additional 43 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the topic of a number of recent analyst reports. Barclays reaffirmed an “overweight” rating and issued a $565.00 price objective on shares of S&P Global in a research note on Monday, February 23rd. Bank of America assumed coverage on shares of S&P Global in a research report on Tuesday, February 17th. They set a “buy” rating and a $575.00 target price for the company. Robert W. Baird set a $546.00 price target on shares of S&P Global in a research report on Wednesday, February 11th. UBS Group reduced their price objective on shares of 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. Finally, Stifel Nicolaus decreased their price objective on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, S&P Global currently has an average rating of “Buy” and an average target price of $563.53.

S&P Global Trading Up 1.6%

NYSE SPGI opened at $433.28 on Wednesday. The stock has a market capitalization of $129.46 billion, a P/E ratio of 29.58, a P/E/G ratio of 1.89 and a beta of 1.23. The business has a 50 day simple moving average of $470.07 and a 200 day simple moving average of $491.63. 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 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 (EPS) for the quarter, missing the consensus estimate of $4.32 by ($0.02). The business had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. S&P Global had a net margin of 29.16% and a return on equity of 16.56%. S&P Global’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business 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 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, February 25th. This is a boost from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio is presently 26.48%.

S&P Global Company 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.