S&P Global Inc. $SPGI Stock Position Decreased by HighTower Advisors LLC

HighTower Advisors LLC trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 15.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 108,930 shares of the business services provider’s stock after selling 20,172 shares during the period. HighTower Advisors LLC’s holdings in S&P Global were worth $44,363,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SPGI. Dorsey Asset Management LLC bought a new stake in shares of S&P Global during the 1st quarter worth about $94,716,000. Troy Asset Management Ltd increased its holdings in shares of S&P Global by 26.2% during the 4th quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock valued at $21,795,000 after acquiring an additional 8,652 shares during the last quarter. Capital International Inc. CA raised its stake in shares of S&P Global by 11.6% in the 4th quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock valued at $36,955,000 after acquiring an additional 7,343 shares in the last quarter. ABN Amro Investment Solutions raised its stake in shares of S&P Global by 6.3% in the 4th quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider’s stock valued at $79,060,000 after acquiring an additional 8,997 shares in the last quarter. Finally, Rit Capital Partners PLC acquired a new stake in S&P Global in the 4th quarter worth approximately $44,160,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

SPGI opened at $443.30 on Tuesday. 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 stock’s 50 day moving average price is $428.99 and its two-hundred day moving average price is $425.73. The firm has a market capitalization of $130.68 billion, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 2.14 and a beta of 1.07. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $552.25.

S&P Global (NYSE:SPGI) last issued its quarterly 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. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the company earned $4.43 earnings per share. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, equities analysts forecast that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid 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 is presently 23.69%.

Analyst Ratings Changes

SPGI has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $510.00 target price on shares of S&P Global in a research report on Wednesday, August 26th. Daiwa Securities Group reduced 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 research note on Wednesday, May 20th. Stifel Nicolaus upped their price objective on shares of S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a report on Friday, July 17th. UBS Group lowered their target price on shares of 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. Finally, Bank of America dropped their target price on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a report on Friday, July 10th. 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 data from MarketBeat, the company 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.