Janney Montgomery Scott LLC increased its holdings in S&P Global Inc. (NYSE:SPGI – Free Report) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 116,071 shares of the business services provider’s stock after buying an additional 2,061 shares during the quarter. Janney Montgomery Scott LLC’s holdings in S&P Global were worth $47,271,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of SPGI. Dorsey Asset Management LLC acquired a new position in S&P Global during the first quarter valued at $94,716,000. Troy Asset Management Ltd grew its position in S&P Global by 26.2% during the 4th quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock worth $21,795,000 after purchasing an additional 8,652 shares during the period. Capital International Inc. CA grew its position in S&P Global by 11.6% during the 4th quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock worth $36,955,000 after purchasing an additional 7,343 shares during the period. Pictet Asset Management Holding SA raised its stake in shares of S&P Global by 6.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 205,642 shares of the business services provider’s stock valued at $107,480,000 after buying an additional 11,843 shares during the last quarter. Finally, ABN Amro Investment Solutions raised its stake in shares of S&P Global by 6.3% during the 4th quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider’s stock valued at $79,060,000 after buying an additional 8,997 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on SPGI. Wall Street Zen upgraded S&P Global to a “hold” rating in a research note on Saturday, July 4th. Rothschild & Co Redburn reduced their price target on S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. Stifel Nicolaus boosted their price target on S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a report on Friday, July 17th. Bank of America decreased their price target on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a report on Friday, July 10th. Finally, Mizuho upped their price objective on S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Eighteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $523.59.
S&P Global Trading Down 1.1%
Shares of S&P Global stock opened at $418.15 on Friday. The firm has a 50-day simple moving average of $422.53 and a two-hundred day simple moving average of $429.14. The company has a market cap of $123.27 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $565.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95.
S&P Global (NYSE:SPGI – Get Free Report) last posted its earnings results 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 business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the company posted $4.43 EPS. The company’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. As a group, equities analysts predict that S&P Global Inc. will post 17.75 earnings per share for the current fiscal 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 given a dividend of $0.97 per share. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s dividend payout ratio is currently 23.69%.
S&P Global Profile
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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