Centaurus Financial Inc. Acquires Shares of 8,289 S&P Global Inc. $SPGI

Centaurus Financial Inc. bought a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,289 shares of the business services provider’s stock, valued at approximately $3,376,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Rehmann Capital Advisory Group boosted its holdings in 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 valued at $937,000 after purchasing an additional 22 shares during the last quarter. Washington Trust Bank increased its holdings in S&P Global by 1.2% during the 4th quarter. Washington Trust Bank now owns 1,888 shares of the business services provider’s stock worth $987,000 after purchasing an additional 23 shares during the last quarter. Hibernia Wealth Partners LLC increased its holdings in S&P Global by 3.3% during the 1st quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock worth $321,000 after purchasing an additional 24 shares during the last quarter. Conestoga Capital Advisors LLC raised its position in shares of S&P Global by 1.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,521 shares of the business services provider’s stock valued at $795,000 after purchasing an additional 25 shares in the last quarter. Finally, Prestige Wealth Management Group LLC boosted its stake in shares of S&P Global by 2.8% during the 4th quarter. Prestige Wealth Management Group LLC now owns 946 shares of the business services provider’s stock valued at $494,000 after buying an additional 26 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

Shares of NYSE SPGI opened at $435.73 on Friday. 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 company has a market capitalization of $128.45 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $552.25. The business has a 50 day simple moving average of $423.94 and a 200-day simple moving average of $424.16.

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

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is presently 23.69%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Daiwa Securities Group decreased their price target on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. UBS Group cut their price target on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Morgan Stanley reduced their price objective on shares of 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. Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Finally, Zacks Research lowered shares of S&P Global from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. 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. According to data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Company 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.