Munich Reinsurance Co Stock Corp in Munich Makes New Investment in S&P Global Inc. $SPGI

Munich Reinsurance Co Stock Corp in Munich bought a new position in shares of S&P Global Inc. (NYSE:SPGI) during the third quarter, Holdings Channel reports. The fund bought 5,359 shares of the business services provider’s stock, valued at approximately $2,608,000.

Other hedge funds have also made changes to their positions in the company. MTM Investment Management LLC acquired a new stake in shares of S&P Global during the 2nd quarter valued at $27,000. J.Safra Asset Management Corp acquired a new position in S&P Global in the 3rd quarter worth about $29,000. Howard Hughes Medical Institute bought a new position in S&P Global during the second quarter valued at approximately $36,000. First Pacific Financial lifted its stake in shares of S&P Global by 51.0% in the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 25 shares during the last quarter. Finally, Ameriflex Group Inc. increased its holdings in shares of S&P Global by 171.4% during the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of S&P Global stock opened at $452.52 on Friday. The stock has a market capitalization of $135.21 billion, a price-to-earnings ratio of 30.89, a P/E/G ratio of 2.00 and a beta of 1.23. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05. The firm’s 50-day moving average price is $483.57 and its two-hundred day moving average price is $498.01. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 10th. The business services provider reported $4.30 EPS for the quarter, missing the consensus estimate of $4.32 by ($0.02). The business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.S&P Global’s revenue for the quarter 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, equities analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have issued reports on SPGI. William Blair restated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Mizuho lowered their price objective on shares of S&P Global from $657.00 to $551.00 and set an “outperform” rating on the stock in a research note on Thursday, February 12th. Morgan Stanley boosted their target price on shares of S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. UBS Group cut their target price on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Finally, Bank of America initiated coverage on shares of S&P Global in a report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 price target for the company. One analyst has rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the company. According to data from MarketBeat.com, S&P Global presently has an average rating of “Buy” and a consensus target price of $562.67.

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.