Bartlett & CO. Wealth Management LLC Acquires 2,672 Shares of S&P Global Inc. $SPGI

Key Points

• Bartlett & CO. Wealth Management LLC boosted its stake in S&P Global by 2.3% in Q4, buying 2,672 shares to own 120,642 shares worth approximately $63,047,000.
• Other large institutions (DZ BANK, Mizuho, Credit Agricole, Holocene, AllianceBernstein) also added sizable positions, leaving 87.17% institutional ownership.
• Analysts' consensus remains a Buy with a $558.80 target despite recent downgrades and SPGI trading at $415.66 (down 2%); the company raised its quarterly dividend to $0.97 and trades at a P/E of 28.37.

Bartlett & CO. Wealth Management LLC boosted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 120,642 shares of the business services provider's stock after acquiring an additional 2,672 shares during the quarter. Bartlett & CO. Wealth Management LLC's holdings in S&P Global were worth $63,047,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SPGI. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of S&P Global by 3,430.6% during the 2nd 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 in the last quarter. Mizuho Markets Americas LLC lifted its position in shares of S&P Global by 104,031.3% during the 3rd quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider's stock worth $289,900,000 after buying an additional 595,059 shares in the last quarter. Credit Agricole S A bought a new position in shares of S&P Global during the 3rd quarter worth approximately $180,503,000. Holocene Advisors LP lifted its position in shares of S&P Global by 79.8% during the 3rd quarter. Holocene Advisors LP now owns 766,043 shares of the business services provider's stock worth $372,841,000 after buying an additional 339,947 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of S&P Global by 41.1% during the 2nd quarter. Alliancebernstein L.P. now owns 1,081,155 shares of the business services provider's stock worth $570,082,000 after buying an additional 315,001 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

Analyst Ratings Changes

SPGI has been the topic of several recent analyst reports. Bank of America initiated coverage on shares of S&P Global in a research report on Tuesday, February 17th. They set a "buy" rating and a $575.00 target price on the stock. Weiss Ratings cut shares of S&P Global from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, March 11th. Morgan Stanley dropped their target price on shares of S&P Global from $580.00 to $556.00 and set an "overweight" rating on the stock in a research report on Tuesday. Wells Fargo & Company dropped their target price on shares of S&P Global from $675.00 to $530.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 11th. Finally, The Goldman Sachs Group set a $498.00 target price on shares of S&P Global in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $558.80.

S&P Global Stock Down 2.0%

SPGI opened at $415.66 on Friday. The company has a fifty day moving average price of $429.15 and a 200-day moving average price of $478.06. The firm has a market capitalization of $126.14 billion, a P/E ratio of 28.37, a price-to-earnings-growth ratio of 1.88 and a beta of 1.20. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results 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). S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The company had revenue of $3.92 billion during the quarter, compared to analysts' expectations of $3.89 billion. During the same quarter last year, the firm posted $3.77 earnings per share. The firm's revenue was up 9.0% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 0.9%. This is a boost from S&P Global's previous quarterly dividend of $0.96. The ex-dividend date was Wednesday, February 25th. S&P Global's dividend payout ratio (DPR) is presently 26.48%.

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.

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