SteelPeak Wealth LLC Grows Stock Position in S&P Global Inc. $SPGI

SteelPeak Wealth LLC boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 32.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,074 shares of the business services provider’s stock after acquiring an additional 1,990 shares during the quarter. SteelPeak Wealth LLC’s holdings in S&P Global were worth $4,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. J.Safra Asset Management Corp purchased a new stake in shares of S&P Global during the third quarter valued at approximately $29,000. Howard Hughes Medical Institute purchased a new position in shares of S&P Global in the second quarter worth $36,000. First Pacific Financial raised its holdings in S&P Global by 51.0% during the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after buying an additional 25 shares during the last quarter. Palisade Asset Management LLC bought a new stake in S&P Global during the 3rd quarter valued at $36,000. Finally, Ameriflex Group Inc. boosted its position in 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 buying an additional 48 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Down 0.0%

Shares of S&P Global stock opened at $431.09 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40. The company’s fifty day simple moving average is $439.26 and its two-hundred day simple moving average is $481.30. The company has a market cap of $130.82 billion, a P/E ratio of 29.43, a PEG ratio of 1.91 and a beta of 1.20. 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 posted 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 company had revenue of $3.92 billion during 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 prior year, the business 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 EPS for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 0.9%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date was Wednesday, February 25th. S&P Global’s dividend payout ratio (DPR) is 26.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Mizuho cut their price target on shares of S&P Global from $657.00 to $551.00 and set an “outperform” rating on the stock in a report on Thursday, February 12th. BMO Capital Markets increased their target price on shares of S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. UBS Group cut their target price on 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. Wells Fargo & Company reduced their price target on S&P Global from $675.00 to $530.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. Finally, Royal Bank Of Canada lowered their price target on S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $563.53.

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.