Main Street Financial Solutions LLC Makes New $582,000 Investment in S&P Global Inc. $SPGI

Main Street Financial Solutions LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGIFree Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,428 shares of the business services provider’s stock, valued at approximately $582,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new position in shares of S&P Global during the fourth quarter valued at approximately $2,398,991,000. EdgePoint Investment Group Inc. purchased a new stake in S&P Global in the 1st quarter valued at $702,911,000. Cardano Risk Management B.V. lifted its stake in 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 valued at $919,879,000 after acquiring an additional 1,576,544 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in S&P Global by 2,256.7% during 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 acquiring an additional 1,385,249 shares in the last quarter. Finally, Soroban Capital Partners LP boosted its holdings in S&P Global by 260.3% during the 1st quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock worth $718,247,000 after acquiring an additional 1,219,990 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on SPGI. Rothschild & Co Redburn reduced their target price on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research note on Thursday, June 18th. Citigroup raised their target price on S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Bank of America decreased their price target on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Robert W. Baird lowered their target price on S&P Global from $521.00 to $513.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada dropped their price target 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. Eighteen 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $523.59.

View Our Latest Research Report on SPGI

S&P Global Trading Up 1.9%

Shares of SPGI opened at $418.51 on Wednesday. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $559.60. The stock has a market cap of $123.38 billion, a PE ratio of 25.55, a P/E/G ratio of 1.88 and a beta of 1.07. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The business’s 50-day moving average price is $422.28 and its 200-day moving average price is $426.80.

S&P Global (NYSE:SPGIGet Free Report) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating analysts’ consensus estimates of $4.81 by $0.02. The company had revenue of $4.15 billion during 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%. S&P Global’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, equities analysts forecast that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Announces Dividend

The company 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 (DPR) is presently 23.69%.

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.

See Also

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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