S&P Global Inc. (NYSE:SPGI) Short Interest Update

S&P Global Inc. (NYSE:SPGI) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 3,773,466 shares, a drop of 15.1% from the February 26th total of 4,445,037 shares. Based on an average trading volume of 2,286,677 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On S&P Global

A number of hedge funds have recently bought and sold shares of SPGI. Joseph Group Capital Management bought a new stake in S&P Global in the 4th quarter worth about $29,000. J.Safra Asset Management Corp bought a new position in shares of S&P Global during the 3rd quarter worth approximately $29,000. North Star Investment Management Corp. boosted its stake in shares of S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after buying an additional 35 shares during the last quarter. Howard Hughes Medical Institute purchased a new position in shares of S&P Global in the 2nd quarter worth approximately $36,000. Finally, Palladiem LLC bought a new position in shares of S&P Global in the fourth quarter valued at approximately $36,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SPGI. Weiss Ratings cut S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. The Goldman Sachs Group set a $498.00 price objective on shares of S&P Global in a report on Wednesday, February 11th. Stifel Nicolaus decreased their target price on S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Barclays reiterated an “overweight” rating and issued a $565.00 target price on shares of S&P Global in a report on Monday, February 23rd. Finally, Evercore set a $625.00 price target on S&P Global and gave the stock an “outperform” rating in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, S&P Global currently has an average rating of “Buy” and a consensus price target of $563.53.

S&P Global Stock Down 0.8%

Shares of NYSE SPGI opened at $421.98 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. The company has a 50-day moving average price of $445.57 and a 200-day moving average price of $482.83. The stock has a market capitalization of $126.09 billion, a P/E ratio of 29.01, a P/E/G ratio of 1.85 and a beta of 1.23. S&P Global has a 1 year low of $381.61 and a 1 year high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share for the quarter, missing the consensus estimate of $4.32 by ($0.02). The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. S&P Global had a net margin of 29.16% and a return on equity of 16.56%. S&P Global’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.77 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities research analysts forecast that S&P Global will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, February 25th. This is an increase from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s payout ratio is currently 26.48%.

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.