Beacon Pointe Advisors LLC Purchases New Stake in S&P Global Inc. $SPGI

Key Points

• Beacon Pointe Advisors acquired 23,340 shares of S&P Global during the second quarter, valued at approximately $9.5 million. Institutional investors collectively own 87.17% of the company.
• Analysts maintain a largely positive outlook, with 18 Buy ratings, one Hold and one Sell; the consensus rating is Moderate Buy with an average price target of $523.59.
• S&P Global exceeded quarterly earnings and revenue estimates, reporting $4.83 in EPS and $4.15 billion in revenue, while revenue rose 10.4% year over year. The company also declared a quarterly dividend of $0.97 per share, equal to a 0.9% yield.

Beacon Pointe Advisors LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 23,340 shares of the business services provider's stock, valued at approximately $9,505,000.

Several other large investors have also recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of S&P Global during the 2nd quarter worth $834,000. Rakuten Investment Management Inc. acquired a new position in shares of S&P Global during the 2nd quarter worth $20,260,000. Glenview Trust Co purchased a new position in shares of S&P Global in the 2nd quarter valued at about $5,721,000. North Star Asset Management Inc. purchased a new position in shares of S&P Global in the 2nd quarter valued at about $6,790,000. Finally, Empowered Funds LLC acquired a new stake in shares of S&P Global in the second quarter valued at about $13,927,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Bank of America lowered their target price on shares of S&P Global from $575.00 to $550.00 and set a "buy" rating on the stock in a research report on Friday, July 10th. Wall Street Zen upgraded shares of S&P Global to a "hold" rating in a research report on Saturday, July 4th. Morgan Stanley decreased 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. JPMorgan Chase & Co. lowered their price target on S&P Global from $555.00 to $530.00 and set an "overweight" rating on the stock in a report on Wednesday, July 29th. Finally, Barclays dropped 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. Eighteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $523.59.

S&P Global Stock Up 1.7%

Shares of S&P Global stock opened at $442.62 on Friday. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $552.25. The stock has a market cap of $130.48 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 1.96 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 company has a fifty day moving average price of $424.57 and a 200 day moving average price of $424.29.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating the consensus estimate of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the company posted $4.43 earnings per share. The firm's 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. Equities research analysts forecast that S&P Global Inc. will post 17.75 earnings per share 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 given a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global's payout ratio is 23.69%.

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.

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