UNIVEST FINANCIAL Corp Boosts Holdings in S&P Global Inc. $SPGI

UNIVEST FINANCIAL Corp grew its stake in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 8.9% in the second quarter, HoldingsChannel reports. The fund owned 50,216 shares of the business services provider’s stock after buying an additional 4,090 shares during the quarter. S&P Global makes up about 1.0% of UNIVEST FINANCIAL Corp’s portfolio, making the stock its 19th largest position. UNIVEST FINANCIAL Corp’s holdings in S&P Global were worth $20,451,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SPGI. Joseph Group Capital Management purchased a new stake in S&P Global in the fourth quarter valued at approximately $29,000. North Star Investment Management Corp. increased its position in S&P Global by 134.6% during 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 last quarter. Palladiem LLC purchased a new position in S&P Global during the fourth quarter worth approximately $36,000. Palisade Asset Management LLC purchased a new position in S&P Global during the third quarter worth approximately $36,000. Finally, Swiss RE Ltd. acquired a new position in shares of S&P Global in the 4th quarter valued at $39,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

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S&P Global Trading Down 2.0%

Shares of SPGI stock opened at $410.48 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $559.60. The firm’s 50 day moving average price is $422.40 and its two-hundred day moving average price is $427.58. The stock has a market cap of $121.01 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07.

S&P Global (NYSE:SPGI – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (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 company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the business earned $4.43 earnings per share. The business’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, analysts anticipate that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be given a dividend of $0.97 per share. 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, August 26th. S&P Global’s dividend payout ratio is 23.69%.

Analysts Set New Price Targets

Several analysts have recently issued reports on SPGI shares. Zacks Research cut shares of S&P Global from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Royal Bank Of Canada cut their target price on S&P Global from $560.00 to $510.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 7th. Daiwa Securities Group reduced their target price on S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. UBS Group lowered their price target on S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Finally, Barclays dropped 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. Eighteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average target price of $523.59.

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S&P Global Company Profile

(Free Report)

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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