Haverford Trust Co Increases Holdings in S&P Global Inc. $SPGI

Haverford Trust Co increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 314,182 shares of the business services provider’s stock after purchasing an additional 6,162 shares during the period. S&P Global makes up about 1.1% of Haverford Trust Co’s portfolio, making the stock its 24th biggest position. Haverford Trust Co’s holdings in S&P Global were worth $127,954,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of S&P Global by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock worth $15,873,340,000 after acquiring an additional 117,728 shares in the last quarter. State Street Corp grew its position in S&P Global by 1.1% during the 4th quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock worth $7,451,971,000 after purchasing an additional 157,301 shares during the last quarter. TCI Fund Management Ltd. raised its stake in S&P Global by 5.4% in the 4th quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock worth $6,161,498,000 after acquiring an additional 600,440 shares during the last quarter. Morgan Stanley lifted its holdings in shares of S&P Global by 3.3% during the fourth quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock worth $4,354,796,000 after purchasing an additional 263,051 shares during the period. Finally, Norges Bank purchased a new stake in shares of S&P Global in the 4th quarter valued at $2,398,991,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.2%

Shares of S&P Global stock opened at $431.10 on Friday. 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 Inc. has a twelve month low of $381.61 and a twelve month high of $559.44. 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 firm’s 50-day moving average price is $422.87 and its 200 day moving average price is $425.46.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating analysts’ consensus estimates of $4.81 by $0.02. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior 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, sell-side 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. Investors of record on Wednesday, August 26th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio is currently 23.69%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen raised S&P Global to a “hold” rating in a report on Saturday, July 4th. Mizuho raised their target price on S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Daiwa Securities Group decreased their price target on S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Weiss Ratings restated a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Finally, Zacks Research cut shares of S&P Global from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Eighteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus 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.