S&P Global (NYSE:SPGI – Get Free Report) issued its quarterly earnings results on Tuesday. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02, Briefing.com reports. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. During the same period in the prior year, the company earned $4.43 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. S&P Global updated its FY 2026 guidance to 17.500-17.750 EPS.
S&P Global Trading Up 3.0%
SPGI opened at $439.25 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. S&P Global has a 52 week low of $381.61 and a 52 week high of $579.05. The business’s 50 day moving average is $423.71 and its two-hundred day moving average is $440.76. The firm has a market cap of $130.02 billion, a price-to-earnings ratio of 27.80, a price-to-earnings-growth ratio of 2.16 and a beta of 1.08.
S&P Global Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid 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 is Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is currently 24.56%.
Insider Transactions at S&P Global
Institutional Investors Weigh In On S&P Global
A number of institutional investors and hedge funds have recently made changes to their positions in SPGI. Brighton Jones LLC grew its holdings in shares of S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after buying an additional 143 shares during the last quarter. Sivia Capital Partners LLC raised its stake in S&P Global by 7.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock valued at $547,000 after acquiring an additional 75 shares during the last quarter. Neuberger Berman Group LLC lifted its position in S&P Global by 5.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,694,790 shares of the business services provider’s stock worth $893,511,000 after acquiring an additional 88,526 shares during the period. Jump Financial LLC acquired a new stake in S&P Global during the 2nd quarter worth approximately $552,000. Finally, Main Street Financial Solutions LLC grew its stake in shares of S&P Global by 17.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,212 shares of the business services provider’s stock valued at $1,694,000 after purchasing an additional 472 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on SPGI shares. Rothschild & Co Redburn reduced their price objective on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Wall Street Zen raised S&P Global to a “hold” rating in a research report on Saturday, July 4th. Mizuho increased their price objective on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. 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. Finally, Evercore decreased their target price on S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Eighteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $533.59.
Read Our Latest Analysis on SPGI
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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