LGT Group Foundation Increases Stake in S&P Global Inc. $SPGI

LGT Group Foundation increased its holdings in S&P Global Inc. (NYSE:SPGI) by 25.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 223,776 shares of the business services provider’s stock after purchasing an additional 46,104 shares during the quarter. S&P Global accounts for 1.2% of LGT Group Foundation’s investment portfolio, making the stock its 18th biggest position. LGT Group Foundation’s holdings in S&P Global were worth $107,786,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SPGI. Norges Bank bought a new stake in S&P Global during the 2nd quarter valued at $2,188,945,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in S&P Global by 3,430.6% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock worth $819,699,000 after buying an additional 1,510,540 shares during the period. TCI Fund Management Ltd. lifted its stake in shares of S&P Global by 7.0% in the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock valued at $5,848,502,000 after purchasing an additional 730,354 shares during the period. Mizuho Markets Americas LLC lifted its position in S&P Global by 104,031.3% during the third quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock valued at $289,900,000 after buying an additional 595,059 shares during the period. Finally, ABN AMRO Bank N.V. bought a new stake in S&P Global during the second quarter worth about $310,348,000. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SPGI shares. The Goldman Sachs Group set a $498.00 price target on shares of S&P Global in a research note on Wednesday, February 11th. Wells Fargo & Company decreased their price objective on shares of S&P Global from $675.00 to $530.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Royal Bank Of Canada lowered their price objective on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 11th. Mizuho dropped their target price on shares of S&P Global from $657.00 to $551.00 and set an “outperform” rating on the stock in a report on Thursday, February 12th. Finally, Morgan Stanley lifted their target price on shares of S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $562.67.

S&P Global Trading Up 0.3%

Shares of NYSE:SPGI opened at $452.52 on Monday. The stock’s 50-day simple moving average is $483.57 and its two-hundred day simple moving average is $497.59. The stock has a market capitalization of $135.21 billion, a price-to-earnings ratio of 30.89, a PEG ratio of 2.00 and a beta of 1.23. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. 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 (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 10th. The business services provider reported $4.30 EPS for the quarter, missing the consensus estimate of $4.32 by ($0.02). S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The business had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the previous year, the company earned $3.77 EPS. S&P Global’s revenue for the quarter was up 9.0% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be issued a dividend of $0.97 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, February 25th. S&P Global’s dividend payout ratio is currently 26.48%.

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.