EP Wealth Advisors LLC Lowers Stake in S&P Global Inc. $SPGI

EP Wealth Advisors LLC lessened its position in S&P Global Inc. (NYSE:SPGI) by 28.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,505 shares of the business services provider’s stock after selling 37,628 shares during the period. EP Wealth Advisors LLC’s holdings in S&P Global were worth $38,488,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Joseph Group Capital Management acquired a new position in S&P Global in the fourth quarter valued at $29,000. North Star Investment Management Corp. boosted its stake in S&P Global by 134.6% in the 4th 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 acquired a new stake in S&P Global in the 4th quarter worth about $36,000. Palisade Asset Management LLC purchased a new stake in S&P Global in the 3rd quarter valued at about $36,000. Finally, Swiss RE Ltd. purchased a new stake in S&P Global in the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $431.10 on Friday. The firm has a market capitalization of $127.09 billion, a PE ratio of 26.32, a P/E/G ratio of 1.94 and a beta of 1.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50-day moving average of $422.87 and a two-hundred day moving average of $425.46. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $559.44.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, research analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be issued a $0.97 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is presently 23.69%.

Analyst Ratings Changes

A number of research firms have recently commented on SPGI. Mizuho upped their price objective on shares of S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. decreased their target price on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Jefferies Financial Group boosted their target price on shares of S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a report on Monday, April 27th. Morgan Stanley dropped their price target on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Finally, Bank of America cut their price target on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Eighteen equities research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $523.59.

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.