Waverly Advisors LLC Sells 4,195 Shares of S&P Global Inc. $SPGI

Waverly Advisors LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 37.8% in the second quarter, HoldingsChannel reports. The fund owned 6,917 shares of the business services provider’s stock after selling 4,195 shares during the period. Waverly Advisors LLC’s holdings in S&P Global were worth $2,817,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SPGI. Empirical Finance LLC lifted its stake in S&P Global by 3.5% in the 2nd quarter. Empirical Finance LLC now owns 10,524 shares of the business services provider’s stock valued at $4,286,000 after purchasing an additional 353 shares during the last quarter. Nykredit A S acquired a new position in shares of S&P Global in the second quarter valued at approximately $138,842,000. Advus Financial Partners LLC grew its position in shares of S&P Global by 5.4% in the second quarter. Advus Financial Partners LLC now owns 681 shares of the business services provider’s stock valued at $277,000 after purchasing an additional 35 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of S&P Global by 39,515.8% during the second quarter. California State Teachers Retirement System now owns 187,868,631 shares of the business services provider’s stock worth $76,511,379,000 after purchasing an additional 187,394,404 shares during the period. Finally, Washington Trust Advisors Inc. lifted its holdings in S&P Global by 2.3% during the 2nd quarter. Washington Trust Advisors Inc. now owns 22,990 shares of the business services provider’s stock worth $9,363,000 after purchasing an additional 524 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SPGI shares. Robert W. Baird set a $513.00 target price on shares of S&P Global in a research report on Wednesday, September 2nd. Citigroup boosted their price objective on shares of S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Morgan Stanley dropped their price objective on 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. Bank of America reduced their price objective on 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. Finally, Daiwa Securities Group decreased their target price 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. Eighteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $523.59.

S&P Global Stock Up 0.0%

NYSE:SPGI opened at $410.55 on Friday. The firm’s 50 day simple moving average is $428.38 and its 200 day simple moving average is $425.67. 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 one year low of $381.61 and a one year high of $552.25. The company has a market cap of $121.03 billion, a PE ratio of 25.06, a P/E/G ratio of 1.98 and a beta of 1.07.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.81 by $0.02. The firm 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 company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, research analysts anticipate that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th were paid a $0.97 dividend. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio is presently 23.69%.

S&P Global Profile

S&P Global Inc (NYSE: SPGI) provides financial information, analytics, benchmarks and credit ratings to businesses, governments and investors worldwide. Its services are used to evaluate credit risk, analyze markets, value assets, assess commodities and support investment and business decisions.

The company operates through businesses that include S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers financial and industry data, analytics and workflow tools; S&P Global Commodity Insights, which supplies information and pricing assessments for energy and commodity markets; and S&P Dow Jones Indices, which develops and maintains market indexes such as the S&P 500.