Dynamic Advisor Solutions LLC Sells 4,569 Shares of S&P Global Inc. $SPGI

Dynamic Advisor Solutions LLC trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI) by 40.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,741 shares of the business services provider’s stock after selling 4,569 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in S&P Global were worth $2,745,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dorsey Asset Management LLC acquired a new position in shares of S&P Global in the 1st quarter valued at about $94,716,000. Troy Asset Management Ltd grew its stake in S&P Global by 26.2% during the fourth quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock worth $21,795,000 after purchasing an additional 8,652 shares during the period. Capital International Inc. CA increased 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 increased its holdings in S&P Global by 6.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 205,642 shares of the business services provider’s stock worth $107,480,000 after purchasing an additional 11,843 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC lifted its stake in S&P Global by 2.3% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 120,642 shares of the business services provider’s stock valued at $63,047,000 after buying an additional 2,672 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SPGI shares. Citigroup increased their price target on S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a report 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 research report on Friday, July 10th. Royal Bank Of Canada reduced their target price on S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a research note on Tuesday, July 7th. UBS Group decreased their target price on S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Finally, Rothschild & Co Redburn dropped their price target on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $523.59.

S&P Global Stock Performance

Shares of S&P Global stock opened at $408.06 on Friday. The business’s fifty day simple moving average is $423.21 and its 200 day simple moving average is $433.33. The firm has a market capitalization of $120.30 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 1.83 and a beta of 1.07. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $579.05. 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 (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 17.74% and a net margin of 31.37%.The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, analysts anticipate that S&P Global Inc. will post 17.74 EPS for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid a $0.97 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 annualized dividend and a yield of 1.0%. S&P Global’s dividend payout ratio is presently 23.69%.

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.