Meritage Group LP Boosts Position in S&P Global Inc. $SPGI

Meritage Group LP grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.6% during the second quarter, Holdings Channel reports. The institutional investor owned 507,635 shares of the business services provider’s stock after buying an additional 3,225 shares during the period. S&P Global comprises 8.0% of Meritage Group LP’s holdings, making the stock its 6th biggest position. Meritage Group LP’s holdings in S&P Global were worth $206,739,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Joseph Group Capital Management purchased a new position in S&P Global during the fourth quarter valued at approximately $29,000. North Star Investment Management Corp. boosted its position in shares of S&P Global by 134.6% in the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after purchasing an additional 35 shares during the period. Palladiem LLC purchased a new stake in shares of S&P Global in the fourth quarter worth $36,000. Palisade Asset Management LLC purchased a new stake in shares of S&P Global in the third quarter worth $36,000. Finally, Swiss RE Ltd. bought a new stake in shares of S&P Global during the 4th quarter valued at $39,000. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SPGI. JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Barclays cut their price target on S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Wall Street Zen raised S&P Global to a “hold” rating in a report on Saturday, July 4th. Mizuho raised their price target on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Finally, Citigroup boosted their price objective on S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Trading Down 0.0%

Shares of SPGI opened at $431.10 on Monday. The firm has a market cap of $127.09 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 1.94 and a beta of 1.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $559.44. The company has a 50 day simple moving average of $422.87 and a two-hundred day simple moving average of $424.74.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS 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 firm 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 earnings per share. The company’s quarterly 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. On average, equities analysts expect that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

S&P Global 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.