Kingsview Wealth Management LLC Makes New Investment in S&P Global Inc. $SPGI

Kingsview Wealth Management LLC bought a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,023 shares of the business services provider’s stock, valued at approximately $4,896,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SPGI. Rehmann Capital Advisory Group raised its stake 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 purchasing an additional 22 shares during the last quarter. Washington Trust Bank lifted its holdings in S&P Global by 1.2% in the 4th quarter. Washington Trust Bank now owns 1,888 shares of the business services provider’s stock valued at $987,000 after purchasing an additional 23 shares in the last quarter. Hibernia Wealth Partners LLC boosted its stake in 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 purchasing an additional 24 shares during the last quarter. Conestoga Capital Advisors LLC boosted its stake in S&P Global by 1.7% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,521 shares of the business services provider’s stock worth $795,000 after purchasing an additional 25 shares during the last quarter. Finally, Prestige Wealth Management Group LLC grew its holdings in shares of S&P Global by 2.8% during the fourth quarter. Prestige Wealth Management Group LLC now owns 946 shares of the business services provider’s stock worth $494,000 after buying an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 1.7%

Shares of NYSE:SPGI opened at $442.62 on Friday. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $552.25. The stock has a market cap of $130.48 billion, a P/E ratio of 27.02, a PEG ratio of 1.96 and a beta of 1.07. The business has a fifty day moving average of $424.57 and a two-hundred day moving average of $424.29. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping the consensus estimate of $4.81 by $0.02. The business 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 company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, research analysts expect that S&P Global Inc. will post 17.75 earnings per share for the current 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 given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is presently 23.69%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Mizuho increased their target price on shares of S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Citigroup boosted their price target on shares of S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Robert W. Baird dropped their price objective on shares of S&P Global from $521.00 to $513.00 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. Daiwa Securities Group cut their price objective on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Finally, Morgan Stanley decreased their target price 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. Eighteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, S&P Global 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.