Janney Montgomery Scott LLC Raises Stock Position in S&P Global Inc. $SPGI

Janney Montgomery Scott LLC increased its stake in S&P Global Inc. (NYSE:SPGI) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 116,071 shares of the business services provider’s stock after acquiring an additional 2,061 shares during the quarter. Janney Montgomery Scott LLC’s holdings in S&P Global were worth $47,271,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Joseph Group Capital Management purchased a new stake in shares of S&P Global during the fourth quarter worth about $29,000. North Star Investment Management Corp. lifted its stake in 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 valued at $32,000 after buying an additional 35 shares in the last quarter. Palladiem LLC purchased a new position in S&P Global in the 4th quarter valued at about $36,000. Palisade Asset Management LLC acquired a new stake in S&P Global in the 3rd quarter worth about $36,000. Finally, Swiss RE Ltd. acquired a new stake in S&P Global in the 4th quarter worth about $39,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Barclays cut their price objective on S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Rothschild & Co Redburn decreased their target price on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. UBS Group lowered their price target on 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. Morgan Stanley dropped their price target on S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Finally, Mizuho increased their price objective on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Eighteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Stock Performance

SPGI opened at $418.15 on Friday. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $565.28. The firm has a market capitalization of $123.27 billion, a PE ratio of 25.53, a PEG ratio of 1.88 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The firm’s 50-day moving average price is $422.53 and its 200 day moving average price is $429.14.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating analysts’ consensus estimates of $4.81 by $0.02. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the firm earned $4.43 EPS. S&P Global’s quarterly revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, sell-side analysts expect that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is currently 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.