Bamco Inc. NY Takes $14.90 Million Position in S&P Global Inc. $SPGI

Bamco Inc. NY acquired a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,576 shares of the business services provider's stock, valued at approximately $14,896,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in S&P Global in the fourth quarter valued at about $2,398,991,000. Bank of America Corp DE acquired a new position in shares of S&P Global in the 2nd quarter worth approximately $865,892,000. EdgePoint Investment Group Inc. purchased a new position in shares of S&P Global during the 1st quarter worth approximately $702,911,000. Cardano Risk Management B.V. boosted its position in shares of S&P Global by 858.3% during the 4th quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider's stock worth $919,879,000 after purchasing an additional 1,576,544 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its holdings in S&P Global by 2,256.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider's stock valued at $755,996,000 after purchasing an additional 1,385,249 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SPGI. Rothschild & Co Redburn cut their target price on S&P Global from $540.00 to $520.00 and set a "buy" rating on the stock in a research report on Thursday, June 18th. Morgan Stanley dropped their target price on S&P Global from $557.00 to $525.00 and set an "overweight" rating for the company in a research report on Tuesday, July 7th. UBS Group cut their price target on shares of S&P Global from $550.00 to $525.00 and set a "buy" rating on the stock in a research note on Tuesday, July 7th. Mizuho increased their price target on shares of S&P Global from $551.00 to $554.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $510.00 target price on shares of S&P Global in a report on Wednesday. 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $523.59.

S&P Global Stock Performance

NYSE SPGI opened at $435.73 on Friday. 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 $552.25. The company has a market capitalization of $128.45 billion, a PE ratio of 26.60, a P/E/G ratio of 1.96 and a beta of 1.07. The company has a fifty day moving average of $423.94 and a two-hundred day moving average of $424.16.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $4.09 billion. During the same quarter in the previous year, the firm earned $4.43 earnings per share. The business's 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. As a group, analysts expect that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be issued a $0.97 dividend. The ex-dividend date of this dividend 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 presently 23.69%.

About S&P Global

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.

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