United Capital Financial Advisors LLC Makes New $32.72 Million Investment in S&P Global Inc. $SPGI

United Capital Financial Advisors LLC bought a new position in S&P Global Inc. (NYSE:SPGIFree Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 80,336 shares of the business services provider’s stock, valued at approximately $32,718,000.

A number of other large investors have also modified their holdings of the stock. Papamarkou Wellner Asset Management inc. purchased a new stake in shares of S&P Global during the 2nd quarter valued at about $2,396,000. Dearborn Partners LLC purchased a new position in S&P Global in the 2nd quarter worth approximately $18,478,000. Yukon Wealth Management Inc. purchased a new position in S&P Global in the 2nd quarter worth approximately $205,000. Brooks Moore & Associates Inc. acquired a new stake in S&P Global in the second quarter valued at approximately $488,000. Finally, Equitable Holdings Inc. acquired a new stake in S&P Global in the second quarter valued at approximately $1,926,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Robert W. Baird reduced their target price on shares of S&P Global from $521.00 to $513.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Citigroup raised their price target on shares of S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Bank of America cut their price objective on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Finally, Zacks Research cut shares of S&P Global from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th. Eighteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $523.59.

Read Our Latest Stock Analysis on S&P Global

S&P Global Trading Down 0.2%

Shares of NYSE:SPGI opened at $435.73 on Friday. 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 company’s 50-day moving average price is $423.94 and its 200 day moving average price is $424.16. The company has a market cap of $128.45 billion, a PE ratio of 26.60, a P/E/G ratio of 1.96 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 $552.25.

S&P Global (NYSE:SPGIGet Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating the consensus estimate of $4.81 by $0.02. The company had revenue of $4.15 billion for 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 quarter 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. 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is currently 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.

Further Reading

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

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