MAI Capital Management Purchases 2,599 Shares of S&P Global Inc. $SPGI

MAI Capital Management increased its position in S&P Global Inc. (NYSE:SPGI) by 20.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,117 shares of the business services provider’s stock after purchasing an additional 2,599 shares during the quarter. MAI Capital Management’s holdings in S&P Global were worth $7,358,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Emerald Advisers LLC boosted its holdings in shares of S&P Global by 2.0% during the 2nd quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock valued at $480,000 after buying an additional 18 shares in the last quarter. Fullcircle Wealth LLC lifted its position in S&P Global by 1.0% during the 2nd quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock valued at $984,000 after acquiring an additional 18 shares during the period. Summitry LLC boosted its stake in S&P Global by 2.1% during the second quarter. Summitry LLC now owns 883 shares of the business services provider’s stock worth $466,000 after acquiring an additional 18 shares in the last quarter. Hamilton Capital LLC grew its holdings in S&P Global by 4.5% in the second quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock worth $220,000 after purchasing an additional 18 shares during the period. Finally, Sand Hill Global Advisors LLC grew its holdings in S&P Global by 3.1% in the second quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock worth $333,000 after purchasing an additional 19 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 29th. Morgan Stanley boosted their target price on S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Wells Fargo & Company cut their target price on S&P Global from $675.00 to $530.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Finally, UBS Group dropped their price target 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. One investment analyst has rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $562.67.

S&P Global Trading Up 3.3%

S&P Global stock opened at $437.54 on Friday. 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. The stock has a market capitalization of $130.74 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 1.88 and a beta of 1.20. The business’s fifty day moving average is $492.80 and its 200 day moving average is $503.06.

S&P Global (NYSE:SPGI) last posted 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). The company 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%. S&P Global’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior 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 predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be issued a $0.97 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, February 25th. S&P Global’s dividend payout ratio is 26.48%.

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.