5,634 Shares in S&P Global Inc. $SPGI Acquired by Papamarkou Wellner Asset Management inc.

Papamarkou Wellner Asset Management inc. purchased a new stake in S&P Global Inc. (NYSE:SPGI) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,634 shares of the business services provider’s stock, valued at approximately $2,396,000. S&P Global accounts for about 0.5% of Papamarkou Wellner Asset Management inc.’s portfolio, making the stock its 20th largest position.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Dearborn Partners LLC purchased a new stake in shares of S&P Global in the second quarter valued at about $18,478,000. Yukon Wealth Management Inc. purchased a new stake in shares of S&P Global in the second quarter valued at $205,000. Brooks Moore & Associates Inc. acquired a new position in shares of S&P Global during the 2nd quarter valued at about $488,000. Equitable Holdings Inc. purchased a new position in S&P Global during the second quarter worth approximately $1,926,000. Finally, Centaurus Financial Inc. acquired a new position in S&P Global in the second quarter valued at $3,376,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SPGI. Robert W. Baird reduced their target price on S&P Global from $521.00 to $513.00 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. Mizuho lifted their price target on shares of S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of S&P Global in a report on Monday, July 6th. The Goldman Sachs Group reduced their price objective on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Finally, UBS Group decreased their price objective on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Stock Down 0.2%

NYSE SPGI opened at $435.73 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. The company’s 50 day simple moving average is $423.94 and its 200 day simple moving average is $424.16. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $552.25. The company has a market capitalization of $128.45 billion, a P/E ratio of 26.60, a PEG ratio of 1.96 and a beta of 1.07.

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

S&P Global Announces Dividend

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