PineStone Asset Management Inc. Grows Stock Holdings in S&P Global Inc. $SPGI

PineStone Asset Management Inc. increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 617,388 shares of the business services provider’s stock after purchasing an additional 14,520 shares during the period. S&P Global accounts for approximately 2.0% of PineStone Asset Management Inc.’s portfolio, making the stock its 18th largest position. PineStone Asset Management Inc. owned 0.20% of S&P Global worth $322,649,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SPGI. Jones Financial Companies Lllp boosted its holdings in shares of S&P Global by 17.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 66,809 shares of the business services provider’s stock valued at $32,541,000 after buying an additional 10,044 shares in the last quarter. Prime Capital Investment Advisors LLC grew its position in shares of S&P Global by 324.8% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 28,094 shares of the business services provider’s stock valued at $13,673,000 after buying an additional 21,481 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in S&P Global by 3.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 938,251 shares of the business services provider’s stock worth $456,656,000 after acquiring an additional 30,080 shares in the last quarter. Collier Financial acquired a new stake in S&P Global during the 3rd quarter worth $2,865,000. Finally, Mawer Investment Management Ltd. lifted its position in S&P Global by 27.3% in the third quarter. Mawer Investment Management Ltd. now owns 168,229 shares of the business services provider’s stock valued at $81,879,000 after acquiring an additional 36,078 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SPGI shares. Weiss Ratings downgraded shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 11th. Mizuho cut their target price on S&P Global from $657.00 to $551.00 and set an “outperform” rating on the stock in a research report on Thursday, February 12th. Stifel Nicolaus reduced their target price on S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Barclays reissued an “overweight” rating and issued a $565.00 target price on shares of S&P Global in a research report on Monday, February 23rd. Finally, Evercore set a $625.00 price target on S&P Global and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $563.53.

S&P Global Price Performance

Shares of SPGI opened at $425.39 on Wednesday. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The stock’s 50 day moving average is $445.57 and its two-hundred day moving average is $482.83. The firm has a market capitalization of $127.11 billion, a PE ratio of 29.04, a P/E/G ratio of 1.85 and a beta of 1.23. 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 issued its earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the company posted $3.77 earnings per share. 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 year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were given a $0.97 dividend. The ex-dividend date was Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is currently 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.