Gamco Investors INC. ET AL Sells 1,305 Shares of S&P Global Inc. $SPGI

Gamco Investors INC. ET AL decreased its position in S&P Global Inc. (NYSE:SPGI) by 6.6% in the third quarter, Holdings Channel reports. The firm owned 18,584 shares of the business services provider’s stock after selling 1,305 shares during the period. Gamco Investors INC. ET AL’s holdings in S&P Global were worth $9,045,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SPGI. Vanguard Group Inc. lifted its holdings in shares of S&P Global by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 30,256,638 shares of the business services provider’s stock worth $14,726,208,000 after buying an additional 161,719 shares during the period. TCI Fund Management Ltd. increased its stake in shares of S&P Global by 7.0% during the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock valued at $5,848,502,000 after buying an additional 730,354 shares during the period. Geode Capital Management LLC increased its stake in shares of S&P Global by 0.6% during the second quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock valued at $3,565,889,000 after buying an additional 42,724 shares during the period. Norges Bank bought a new stake in shares of S&P Global in the second quarter valued at about $2,188,945,000. Finally, Legal & General Group Plc raised its holdings in shares of S&P Global by 1.3% in the second quarter. Legal & General Group Plc now owns 2,135,004 shares of the business services provider’s stock valued at $1,125,766,000 after acquiring an additional 26,945 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI opened at $452.52 on Monday. The firm has a market capitalization of $135.21 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 2.00 and a beta of 1.23. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. The business’s 50-day moving average is $483.57 and its two-hundred day moving average is $497.59. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly 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). S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the previous year, the company posted $3.77 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Research analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s dividend payout ratio is currently 26.48%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. BMO Capital Markets dropped their target price on shares of S&P Global from $601.00 to $482.00 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. Mizuho reduced their price target on shares of S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Robert W. Baird set a $546.00 price objective on shares of S&P Global in a research note on Wednesday, February 11th. Finally, Morgan Stanley lifted their price objective on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating and seventeen have issued a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $562.67.

S&P Global 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.