Chesley Taft & Associates LLC trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 14.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,176 shares of the business services provider’s stock after selling 1,243 shares during the quarter. Chesley Taft & Associates LLC’s holdings in S&P Global were worth $2,922,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Joseph Group Capital Management bought a new position in S&P Global in the 4th quarter worth about $29,000. North Star Investment Management Corp. increased its position in shares of 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 valued at $32,000 after buying an additional 35 shares during the period. Palladiem LLC bought a new stake in shares of S&P Global during the fourth quarter valued at about $36,000. Palisade Asset Management LLC purchased a new stake in shares of S&P Global in the third quarter worth about $36,000. Finally, Swiss RE Ltd. purchased a new stake in shares of S&P Global in the fourth quarter worth about $39,000. 87.17% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on SPGI shares. Barclays reduced their price objective on shares of 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. Bank of America cut 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 report on Friday, July 10th. JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Citigroup upped their price target on shares of S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, Wall Street Zen upgraded S&P Global to a “hold” rating in a research report on Saturday, July 4th. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $523.59.
S&P Global Stock Up 0.7%
SPGI stock opened at $408.06 on Friday. The company’s 50 day moving average is $423.21 and its 200 day moving average is $433.33. The stock has a market cap of $120.30 billion, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 1.84 and a beta of 1.07. 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 1-year low of $381.61 and a 1-year high of $579.05.
S&P Global (NYSE:SPGI – Get Free Report) last announced its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the business posted $4.43 earnings per share. S&P Global’s revenue for the quarter was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Sell-side analysts predict that S&P Global Inc. will post 17.74 EPS for the current fiscal year.
S&P Global Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given a dividend of $0.97 per share. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 annualized dividend and a dividend yield of 1.0%. S&P Global’s dividend payout ratio (DPR) is 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.
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