Gamco Investors INC. ET AL Sells 1,813 Shares of S&P Global Inc. $SPGI

Gamco Investors INC. ET AL lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 9.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,642 shares of the business services provider’s stock after selling 1,813 shares during the period. Gamco Investors INC. ET AL’s holdings in S&P Global were worth $6,778,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SPGI. Rehmann Capital Advisory Group raised its stake in shares of S&P Global by 1.2% in the third quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider’s stock valued at $937,000 after buying an additional 22 shares during the period. Washington Trust Bank grew its stake in shares of S&P Global by 1.2% during the 4th quarter. Washington Trust Bank now owns 1,888 shares of the business services provider’s stock worth $987,000 after acquiring an additional 23 shares during the period. Hibernia Wealth Partners LLC grew its stake in shares of S&P Global by 3.3% during the 1st quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock worth $321,000 after acquiring an additional 24 shares during the period. Conestoga Capital Advisors LLC increased its holdings in 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 worth $795,000 after acquiring an additional 25 shares during the last quarter. Finally, Chapin Davis Inc. raised its stake in 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 acquiring an additional 26 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE SPGI opened at $431.10 on Friday. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $559.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $127.09 billion, a P/E ratio of 26.32, a P/E/G ratio of 1.94 and a beta of 1.07. The company has a fifty day moving average of $422.87 and a 200-day moving average of $425.46.

S&P Global (NYSE:SPGI) last issued its earnings results 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 analysts’ expectations of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last 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, equities research analysts predict that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company 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 $0.97 dividend. The ex-dividend date 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 23.69%.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of recent research reports. Morgan Stanley dropped their price target on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. BMO Capital Markets lifted their price objective on shares of S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of S&P Global in a report on Monday, July 6th. Daiwa Securities Group reduced their price target on S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Finally, UBS Group decreased their price objective on S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Eighteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently 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.