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

Madison Asset Management LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 32.4% in the second quarter, HoldingsChannel reports. The firm owned 4,766 shares of the business services provider’s stock after acquiring an additional 1,166 shares during the quarter. Madison Asset Management LLC’s holdings in S&P Global were worth $1,941,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of SPGI. Brighton Jones LLC raised its position in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after buying an additional 143 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of S&P Global by 7.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock valued at $547,000 after acquiring an additional 75 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of S&P Global by 5.5% in the second quarter. Neuberger Berman Group LLC now owns 1,694,790 shares of the business services provider’s stock worth $893,511,000 after acquiring an additional 88,526 shares during the period. Jump Financial LLC acquired a new stake in shares of S&P Global in the second quarter worth $552,000. Finally, Main Street Financial Solutions LLC raised its holdings in shares of S&P Global by 17.2% during the second quarter. Main Street Financial Solutions LLC now owns 3,212 shares of the business services provider’s stock worth $1,694,000 after purchasing an additional 472 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the subject of several recent research reports. BMO Capital Markets lifted their price target on S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a research report on Tuesday, July 7th. Morgan Stanley lowered their price objective on S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Bank of America dropped their price objective on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. JPMorgan Chase & Co. cut their target price on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Finally, Robert W. Baird decreased their target price on shares of S&P Global from $521.00 to $513.00 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Price Performance

NYSE:SPGI opened at $431.70 on Friday. 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. The stock’s 50-day moving average price is $422.64 and its 200-day moving average price is $425.42. The stock has a market capitalization of $127.27 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 1.92 and a beta of 1.07.

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

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given a $0.97 dividend. The ex-dividend date 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 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.