Thornburg Investment Management Inc. Grows Stock Holdings in S&P Global Inc. $SPGI

Thornburg Investment Management Inc. lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 154.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 14,103 shares of the business services provider’s stock after buying an additional 8,556 shares during the period. Thornburg Investment Management Inc.’s holdings in S&P Global were worth $5,744,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rehmann Capital Advisory Group lifted its position in shares of S&P Global by 1.2% during the third quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider’s stock worth $937,000 after purchasing an additional 22 shares in the last quarter. Washington Trust Bank boosted its position in S&P Global by 1.2% in the 4th quarter. Washington Trust Bank now owns 1,888 shares of the business services provider’s stock valued at $987,000 after buying an additional 23 shares during the last quarter. Hibernia Wealth Partners LLC grew its stake in shares of S&P Global by 3.3% during the first quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock valued at $321,000 after acquiring an additional 24 shares in the last quarter. Prestige Wealth Management Group LLC grew its stake in shares of S&P Global by 2.8% during the fourth quarter. Prestige Wealth Management Group LLC now owns 946 shares of the business services provider’s stock valued at $494,000 after acquiring an additional 26 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC increased its position in shares of S&P Global by 1.2% during the second quarter. Legacy Wealth Asset Management LLC now owns 2,272 shares of the business services provider’s stock worth $925,000 after acquiring an additional 26 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SPGI. Rothschild & Co Redburn reduced their price target on S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a report on Thursday, June 18th. UBS Group dropped their price objective on S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Zacks Research cut S&P Global from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Robert W. Baird decreased their price target on shares of S&P Global from $521.00 to $513.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Finally, Stifel Nicolaus lifted their price target on shares of S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Eighteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Stock Up 1.7%

NYSE:SPGI opened at $442.62 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $130.48 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 1.99 and a beta of 1.07. S&P Global Inc. has a one year low of $381.61 and a one year high of $552.25. The stock has a 50-day simple moving average of $424.57 and a 200 day simple moving average of $424.29.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the prior year, the firm posted $4.43 earnings per share. S&P Global’s revenue for the quarter was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Sell-side analysts predict that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s payout ratio is 23.69%.

About S&P Global

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.