Madison Asset Management LLC Raises Stock Holdings in S&P Global Inc. $SPGI

Madison Asset Management LLC raised its stake in S&P Global Inc. (NYSE:SPGIFree Report) by 32.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,766 shares of the business services provider’s stock after purchasing an additional 1,166 shares during the period. Madison Asset Management LLC’s holdings in S&P Global were worth $1,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. AssuredPartners Investment Advisors LLC raised its holdings in S&P Global by 23.5% in the second quarter. AssuredPartners Investment Advisors LLC now owns 1,435 shares of the business services provider’s stock worth $584,000 after purchasing an additional 273 shares in the last quarter. Tocqueville Asset Management L.P. grew its position in shares of S&P Global by 87.8% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 74,136 shares of the business services provider’s stock worth $30,193,000 after buying an additional 34,663 shares during the last quarter. West Family Investments Inc. grew its position in shares of S&P Global by 61.3% in the 2nd quarter. West Family Investments Inc. now owns 1,736 shares of the business services provider’s stock worth $707,000 after buying an additional 660 shares during the last quarter. Flossbach Von Storch SE raised its stake in shares of S&P Global by 13.7% during the 2nd quarter. Flossbach Von Storch SE now owns 1,577,668 shares of the business services provider’s stock worth $642,521,000 after acquiring an additional 189,758 shares in the last quarter. Finally, Compass Wealth Management LLC bought a new position in shares of S&P Global during the 2nd quarter worth approximately $1,481,000. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on SPGI. Daiwa Securities Group lowered their target price on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. UBS Group reduced their price target on S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Barclays decreased their price objective on S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Royal Bank Of Canada lowered their price objective on S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a research report on Tuesday, July 7th. Finally, Rothschild & Co Redburn dropped their target price on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Eighteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and an average target price of $523.59.

Check Out Our Latest Research Report on SPGI

S&P Global Stock Performance

Shares of S&P Global stock opened at $431.70 on Friday. The company has a 50 day moving average price of $422.64 and a 200 day moving average price of $425.42. The firm has a market capitalization of $127.27 billion, a P/E ratio of 26.36, a PEG ratio of 1.92 and a beta of 1.07. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $559.44.

S&P Global (NYSE:SPGIGet Free Report) last released its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, topping the consensus estimate of $4.81 by $0.02. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the firm earned $4.43 EPS. S&P Global’s revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Sell-side analysts expect that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s payout ratio is 23.69%.

S&P Global Profile

(Free Report)

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.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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