Ieq Capital LLC Reduces Position in S&P Global Inc. $SPGI

Ieq Capital LLC trimmed its stake in S&P Global Inc. (NYSE:SPGI) by 39.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,202 shares of the business services provider’s stock after selling 36,732 shares during the period. Ieq Capital LLC’s holdings in S&P Global were worth $22,889,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Rehmann Capital Advisory Group raised its stake in shares of S&P Global by 1.2% in the third quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider’s stock worth $937,000 after buying an additional 22 shares during the period. Washington Trust Bank increased its holdings in S&P Global by 1.2% in the 4th quarter. Washington Trust Bank now owns 1,888 shares of the business services provider’s stock worth $987,000 after acquiring an additional 23 shares in the last quarter. Hibernia Wealth Partners LLC increased its holdings in S&P Global by 3.3% in the 1st quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock worth $321,000 after acquiring an additional 24 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in S&P Global by 1.7% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,521 shares of the business services provider’s stock worth $795,000 after acquiring an additional 25 shares during the period. Finally, Chapin Davis Inc. raised its stake in S&P Global by 1.9% during the 4th quarter. Chapin Davis Inc. now owns 1,389 shares of the business services provider’s stock worth $726,000 after acquiring an additional 26 shares during the period. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on SPGI. BMO Capital Markets upped their price target on shares of S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 7th. Barclays lowered their target price on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Morgan Stanley dropped their target price on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. Robert W. Baird decreased their price target on S&P Global from $521.00 to $513.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. Finally, Stifel Nicolaus upped their price objective on S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Eighteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $523.59.

S&P Global Stock Performance

SPGI opened at $431.10 on Friday. The stock has a market capitalization of $127.09 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.94 and a beta of 1.07. The company has a fifty day moving average of $422.87 and a 200 day moving average of $425.46. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $559.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping the consensus estimate 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 business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the company earned $4.43 EPS. The business’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. As a group, sell-side analysts forecast that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company 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 dividend of $0.97 per share. 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 is 23.69%.

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.