Pallas Capital Advisors LLC Sells 2,072 Shares of S&P Global Inc. $SPGI

Pallas Capital Advisors LLC lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 36.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,674 shares of the business services provider’s stock after selling 2,072 shares during the quarter. Pallas Capital Advisors LLC’s holdings in S&P Global were worth $1,496,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Dorsey Asset Management LLC bought a new position in S&P Global in the 1st quarter worth about $94,716,000. Troy Asset Management Ltd raised its position in shares of S&P Global by 26.2% in the 4th quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock worth $21,795,000 after acquiring an additional 8,652 shares in the last quarter. Capital International Inc. CA raised its holdings in S&P Global by 11.6% in the fourth 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 in the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of S&P Global by 6.1% in 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 in the last quarter. Finally, ABN Amro Investment Solutions grew its position in shares of S&P Global by 6.3% in the 4th quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider’s stock worth $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.

S&P Global Trading Down 2.0%

Shares of S&P Global stock opened at $410.48 on Tuesday. 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 12-month low of $381.61 and a 12-month high of $559.60. The firm has a market capitalization of $121.01 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 1.88 and a beta of 1.07. The firm’s 50 day simple moving average is $422.40 and its two-hundred day simple moving average is $427.58.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping the consensus estimate of $4.81 by $0.02. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Analysts predict that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Announces Dividend

The company 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 of this dividend is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s payout ratio is currently 23.69%.

Analyst Upgrades and Downgrades

SPGI has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of S&P Global in a research note on Monday, July 6th. Mizuho lifted their price target on shares of S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Daiwa Securities Group reduced their price target 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. Bank of America lowered their price objective on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Finally, Citigroup upped their target price on S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Eighteen equities research 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. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Company 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.