Sone Capital Management LLC grew its holdings in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 2,502.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,431 shares of the business services provider’s stock after purchasing an additional 14,838 shares during the quarter. Sone Capital Management LLC’s holdings in S&P Global were worth $6,284,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Joseph Group Capital Management purchased a new position in shares of S&P Global in the 4th quarter worth about $29,000. North Star Investment Management Corp. increased its holdings 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 buying an additional 35 shares during the last quarter. Palladiem LLC bought a new stake in S&P Global in the fourth quarter worth about $36,000. Palisade Asset Management LLC bought a new stake in S&P Global in the third quarter worth about $36,000. Finally, Swiss RE Ltd. purchased a new position in S&P Global in the fourth quarter valued at about $39,000. 87.17% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
SPGI has been the subject of several research analyst reports. Barclays decreased their price target 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. BMO Capital Markets boosted their target price on S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. Wall Street Zen raised S&P Global to a “hold” rating in a research report on Saturday, July 4th. JPMorgan Chase & Co. cut their price target on S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Finally, Mizuho lifted their price objective on S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Eighteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $523.59.
S&P Global Stock Performance
Shares of SPGI stock opened at $435.38 on Tuesday. The stock has a market capitalization of $128.35 billion, a P/E ratio of 26.58, a PEG ratio of 1.94 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. The firm’s 50 day moving average is $423.08 and its 200 day moving average is $424.51. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $557.06.
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 for the quarter, beating analysts’ consensus estimates 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 earned $4.43 EPS. S&P Global’s 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, sell-side analysts anticipate that S&P Global Inc. will post 17.75 earnings per share for the current year.
S&P Global Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend 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 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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