Magellan Asset Management Ltd Raises Position in S&P Global Inc. $SPGI

Magellan Asset Management Ltd lifted its stake in S&P Global Inc. (NYSE:SPGI) by 71.8% in the third quarter, Holdings Channel.com reports. The firm owned 10,534 shares of the business services provider’s stock after buying an additional 4,401 shares during the period. Magellan Asset Management Ltd’s holdings in S&P Global were worth $5,127,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Thoroughbred Financial Services LLC bought a new stake in S&P Global in the third quarter worth $221,000. Parr Mcknight Wealth Management Group LLC raised its stake in shares of S&P Global by 1.3% in the third quarter. Parr Mcknight Wealth Management Group LLC now owns 12,020 shares of the business services provider’s stock valued at $5,850,000 after acquiring an additional 159 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in shares of S&P Global in the third quarter valued at $273,000. Mufg Securities Americas Inc. lifted its holdings in shares of S&P Global by 21.1% in the 3rd quarter. Mufg Securities Americas Inc. now owns 8,427 shares of the business services provider’s stock worth $4,102,000 after acquiring an additional 1,470 shares during the last quarter. Finally, Baldwin Investment Management LLC boosted its stake in shares of S&P Global by 1.4% during the 3rd quarter. Baldwin Investment Management LLC now owns 10,242 shares of the business services provider’s stock worth $4,985,000 after purchasing an additional 140 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

S&P Global stock opened at $418.68 on Wednesday. The company has a 50 day moving average price of $495.90 and a 200-day moving average price of $504.08. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82. 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 market capitalization of $125.10 billion, a PE ratio of 28.58, a P/E/G ratio of 1.79 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced 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 firm had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $3.77 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be issued a $0.97 dividend. The ex-dividend date is Wednesday, February 25th. This is an increase from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio is presently 26.21%.

Wall Street Analyst Weigh In

Several brokerages recently commented on SPGI. William Blair reiterated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Royal Bank Of Canada dropped their target price 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. Bank of America initiated coverage on S&P Global in a report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 price target on the stock. Wells Fargo & Company decreased their price target on 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. Finally, Stifel Nicolaus dropped their price objective 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. One research analyst has rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $562.67.

S&P Global Company 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.