PFG Advisors Decreases Holdings in S&P Global Inc. $SPGI

PFG Advisors reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 20.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,083 shares of the business services provider’s stock after selling 2,406 shares during the quarter. PFG Advisors’ holdings in S&P Global were worth $4,421,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Barclays reaffirmed an “overweight” rating and issued a $565.00 target price on shares of S&P Global in a research report on Monday, February 23rd. Morgan Stanley boosted their price target on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Wells Fargo & Company decreased their price objective on shares of S&P Global from $675.00 to $530.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 29th. Finally, William Blair reissued an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $562.67.

S&P Global Stock Down 1.5%

SPGI stock opened at $445.69 on Tuesday. The company has a market cap of $133.17 billion, a price-to-earnings ratio of 30.42, a price-to-earnings-growth ratio of 2.00 and a beta of 1.23. The company has a fifty day moving average price of $481.89 and a 200 day moving average price of $496.84. 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 12 month low of $381.61 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data 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 business had revenue of $3.92 billion for 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 revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business 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. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date is Wednesday, February 25th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s payout ratio is presently 26.48%.

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.