Syntax Research Inc. Buys Shares of 1,462 S&P Global Inc. $SPGI

Syntax Research Inc. purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the second quarter, Holdings Channel reports. The fund purchased 1,462 shares of the business services provider’s stock, valued at approximately $595,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Pingora Partners LLC bought a new position in S&P Global in the 2nd quarter valued at approximately $29,000. Palladiem LLC bought a new stake in S&P Global during the 4th quarter worth approximately $36,000. Palisade Asset Management LLC bought a new stake in S&P Global during the 3rd quarter worth approximately $36,000. Swiss RE Ltd. acquired a new position in S&P Global in the 4th quarter valued at approximately $39,000. Finally, WPG Advisers LLC increased its position in S&P Global by 37.0% in the 2nd quarter. WPG Advisers LLC now owns 100 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 27 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Up 4.3%

SPGI opened at $450.40 on Friday. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $552.25. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The company has a fifty day moving average of $427.63 and a 200-day moving average of $425.27. The stock has a market cap of $132.78 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 2.08 and a beta of 1.07.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. The business 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%. S&P Global’s quarterly revenue 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, sell-side analysts predict that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is 23.69%.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of recent research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $510.00 price target on shares of S&P Global in a report on Wednesday, August 26th. Rothschild & Co Redburn decreased their price objective on S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a report on Thursday, June 18th. Zacks Research lowered S&P Global from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of S&P Global in a report on Monday, July 6th. Finally, Robert W. Baird set a $513.00 price target on S&P Global in a research report on Wednesday. Eighteen 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Company 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.