Proficio Capital Partners LLC Buys New Shares in S&P Global Inc. $SPGI

Proficio Capital Partners LLC purchased a new position in S&P Global Inc. (NYSE:SPGI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,638 shares of the business services provider’s stock, valued at approximately $667,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rehmann Capital Advisory Group raised its holdings in S&P Global by 1.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider’s stock valued at $937,000 after acquiring an additional 22 shares in the last quarter. Washington Trust Bank lifted its position in S&P Global by 1.2% in the fourth quarter. Washington Trust Bank now owns 1,888 shares of the business services provider’s stock worth $987,000 after purchasing an additional 23 shares during the period. Hibernia Wealth Partners LLC increased its holdings in S&P Global by 3.3% in the 1st quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock valued at $321,000 after buying an additional 24 shares during the period. Conestoga Capital Advisors LLC raised its stake in shares of S&P Global by 1.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,521 shares of the business services provider’s stock valued at $795,000 after buying an additional 25 shares in the last quarter. Finally, Chapin Davis Inc. raised its stake in shares of S&P Global by 1.9% in the 4th quarter. Chapin Davis Inc. now owns 1,389 shares of the business services provider’s stock valued at $726,000 after buying an additional 26 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.9%

SPGI stock opened at $436.93 on Thursday. The business has a fifty day moving average price of $423.45 and a 200 day moving average price of $424.18. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $554.56. The stock has a market capitalization of $128.81 billion, a price-to-earnings ratio of 26.67, a P/E/G ratio of 1.95 and a beta of 1.07.

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 analysts’ consensus estimates 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 return on equity of 17.74% and a net margin of 31.37%.The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Analysts expect that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be issued 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 dividend payout ratio is currently 23.69%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SPGI. BMO Capital Markets increased their price target on shares of S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 7th. Zacks Research lowered S&P Global from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Robert W. Baird dropped their target price on S&P Global from $521.00 to $513.00 and set an “outperform” rating for the company in a report on Wednesday, July 29th. UBS Group lowered their price target on S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $510.00 price objective on shares of S&P Global in a report on Wednesday. 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 company’s stock. Based on data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $523.59.

About S&P Global

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.