Swiss Life Asset Management Ltd Grows Stock Position in S&P Global Inc. $SPGI

Swiss Life Asset Management Ltd lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 14.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,181 shares of the business services provider’s stock after purchasing an additional 6,369 shares during the period. Swiss Life Asset Management Ltd’s holdings in S&P Global were worth $24,910,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in S&P Global by 0.5% during the third quarter. Vanguard Group Inc. now owns 30,256,638 shares of the business services provider’s stock valued at $14,726,208,000 after buying an additional 161,719 shares during the last quarter. TCI Fund Management Ltd. boosted its stake in shares of S&P Global by 7.0% during the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after acquiring an additional 730,354 shares during the last quarter. Wellington Management Group LLP grew its position in shares of S&P Global by 4.6% during the 3rd quarter. Wellington Management Group LLP now owns 6,231,644 shares of the business services provider’s stock valued at $3,033,003,000 after acquiring an additional 274,285 shares during the period. Norges Bank bought a new stake in shares of S&P Global during the 2nd quarter valued at $2,188,945,000. Finally, Legal & General Group Plc increased its stake in shares of S&P Global by 3.2% in the 3rd quarter. Legal & General Group Plc now owns 2,202,872 shares of the business services provider’s stock worth $1,072,160,000 after purchasing an additional 67,868 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 1.5%

SPGI opened at $426.27 on Thursday. The stock has a market cap of $127.37 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. 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’s fifty day moving average is $467.84 and its 200 day moving average is $491.18. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week 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 analysts’ consensus estimates of $4.32 by ($0.02). The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.77 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were paid a dividend of $0.97 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s dividend payout ratio is 26.48%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. The Goldman Sachs Group set a $498.00 target price on S&P Global in a report on Wednesday, February 11th. UBS Group reduced their price target on S&P Global from $620.00 to $550.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Bank of America initiated coverage on S&P Global in a research note on Tuesday, February 17th. They issued a “buy” rating and a $575.00 price objective on the stock. BMO Capital Markets lifted their price objective on S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Weiss Ratings downgraded S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Buy” and a consensus price target of $563.53.

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.