NewEdge Advisors LLC Raises Holdings in S&P Global Inc. $SPGI

NewEdge Advisors LLC increased its holdings in S&P Global Inc. (NYSE:SPGI) by 17.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 20,005 shares of the business services provider’s stock after purchasing an additional 3,038 shares during the quarter. NewEdge Advisors LLC’s holdings in S&P Global were worth $8,509,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Dorsey Asset Management LLC acquired a new stake in S&P Global in the first quarter valued at approximately $94,716,000. Troy Asset Management Ltd lifted 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 purchasing an additional 8,652 shares during the last quarter. Capital International Inc. CA boosted its position 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 worth $36,955,000 after purchasing an additional 7,343 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in shares of S&P Global by 6.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 205,642 shares of the business services provider’s stock worth $107,480,000 after purchasing an additional 11,843 shares in the last quarter. Finally, ABN Amro Investment Solutions grew its stake in S&P Global by 6.3% during the 4th quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider’s stock worth $79,060,000 after buying an additional 8,997 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SPGI shares. Morgan Stanley dropped their price target on 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. Evercore lowered their target price on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Wells Fargo & Company dropped their target price on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. Bank of America cut their price target on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Finally, Citigroup lifted their price objective on shares of S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Eighteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $523.59.

S&P Global Trading Down 0.0%

S&P Global stock opened at $408.06 on Monday. 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 Inc. has a 52 week low of $381.61 and a 52 week high of $579.05. The company has a market capitalization of $120.30 billion, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 1.84 and a beta of 1.07. The stock has a 50-day moving average price of $423.21 and a 200 day moving average price of $432.54.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, topping the consensus estimate of $4.81 by $0.02. The company had revenue of $4.15 billion for 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 in the prior year, the company earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Sell-side analysts anticipate that S&P Global Inc. will post 17.74 EPS for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s payout ratio is 23.69%.

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.