Brasada Capital Management LP Purchases Shares of 3,150 S&P Global Inc. $SPGI

Brasada Capital Management LP purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) during the second quarter, Holdings Channel.com reports. The fund purchased 3,150 shares of the business services provider’s stock, valued at approximately $1,283,000.

A number of other large investors have also modified their holdings of SPGI. Joseph Group Capital Management acquired a new stake in S&P Global in the 4th quarter worth approximately $29,000. Pingora Partners LLC acquired a new position in S&P Global during the 2nd quarter valued at approximately $29,000. North Star Investment Management Corp. increased its stake in S&P Global by 134.6% during the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 35 shares in the last quarter. Palisade Asset Management LLC acquired a new position in S&P Global during the 3rd quarter valued at approximately $36,000. Finally, Palladiem LLC purchased a new position in shares of S&P Global in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SPGI shares. Wall Street Zen upgraded shares of S&P Global to a “hold” rating in a research note on Saturday, July 4th. Daiwa Securities Group cut their target price on S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Morgan Stanley reduced their target price on S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. Citigroup lifted their price target on S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Zacks Research downgraded S&P Global from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $435.73 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $552.25. The company has a 50 day simple moving average of $423.94 and a two-hundred day simple moving average of $424.16. The stock has a market cap of $128.45 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 1.96 and a beta of 1.07.

S&P Global (NYSE:SPGI) last released its quarterly earnings data 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 firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, analysts predict that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Dividend Announcement

The firm 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 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend 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.