NewEdge Advisors LLC Boosts Stock Holdings in S&P Global Inc. $SPGI

NewEdge Advisors LLC raised its stake in S&P Global Inc. (NYSE:SPGIFree Report) by 17.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,005 shares of the business services provider’s stock after acquiring an additional 3,038 shares during the period. NewEdge Advisors LLC’s holdings in S&P Global were worth $8,509,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SPGI. Vanguard Group Inc. grew its holdings in S&P Global by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock valued at $15,873,340,000 after buying an additional 117,728 shares in the last quarter. State Street Corp raised its holdings in shares of S&P Global by 1.1% during the 4th quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock worth $7,451,971,000 after acquiring an additional 157,301 shares in the last quarter. TCI Fund Management Ltd. boosted its position in shares of S&P Global by 5.4% during the 4th quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock valued at $6,161,498,000 after acquiring an additional 600,440 shares during the last quarter. Morgan Stanley grew its holdings in shares of S&P Global by 3.3% in the fourth quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock valued at $4,354,796,000 after purchasing an additional 263,051 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of S&P Global in the fourth quarter valued at $2,398,991,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE:SPGI opened at $408.06 on Monday. The firm has a market capitalization of $120.30 billion, a PE ratio of 24.91, a PEG ratio of 1.84 and a beta of 1.07. The stock’s fifty day moving average is $423.21 and its 200 day moving average is $432.54. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95.

S&P Global (NYSE:SPGIGet Free Report) last announced its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the business earned $4.43 earnings per share. The company’s revenue for the quarter 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. On average, sell-side analysts anticipate that S&P Global Inc. will post 17.74 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, August 26th. S&P Global’s payout ratio is presently 23.69%.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of recent research reports. The Goldman Sachs Group decreased their price target on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Evercore dropped their price objective on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Bank of America reduced their target price on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Robert W. Baird decreased their target price on shares of S&P Global from $521.00 to $513.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Finally, Barclays lowered their price target on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Eighteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $523.59.

Read Our Latest Research Report on S&P Global

About S&P Global

(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.

Further Reading

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

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